Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Genco Shipping & Trading Limited shares valued at $134,606 were sold by WOBENSMITH JOHN C on Mar 04 ’25. At $14.12 per share, WOBENSMITH JOHN C sold 9,533 shares. The insider’s holdings dropped to 505,831 shares worth approximately $7.44 million following the completion of this transaction.
Also, Christensen Jesper sold 13,602 shares, netting a total of over 189,855 in proceeds. Following the sale of shares at $13.96 each, the insider now holds 57,322 shares.
Before that, Allen Peter George had sold 8,984 shares from its account. In a trade valued at $125,396, the Chief Financial Officer traded Genco Shipping & Trading Limited shares for $13.96 each. Upon closing the transaction, the insider’s holdings decreased to 8,984 shares, worth approximately $0.67 million.
As published in a research note from Stifel on October 23, 2024, Genco Shipping & Trading Limited [GNK] has been rated down from a Buy to a Hold and the price target has been revised to $17 from $26. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of September 30, 2022, Stifel has initiated its “Buy” rating for GNK. Earlier on August 03, 2022, Alliance Global Partners initiated its rating. Their recommendation was “a Buy” for GNK stock.
Analyzing GNK Stock Performance
On last trading session,, Genco Shipping & Trading Limited [NYSE: GNK] rose 5.83% to $14.71. The stock’s lowest price that day was $14.01, but it reached a high of $14.89 in the same session. During the last five days, there has been a surge of approximately 6.59%. Over the course of the year, Genco Shipping & Trading Limited shares have dropped approximately -28.80%. Shares of the company reached a 52-week high of $14.99 on 02/20/25 and a 52-week low of $11.20 on 04/09/25.
Support And Resistance Levels for Genco Shipping & Trading Limited (GNK)
According to the 24-hour chart, there is a support level at 14.18, which, if violated, would cause prices to drop to 13.66. In the upper region, resistance lies at 15.06. The next price resistance is at 15.42. RSI (Relative Strength Index) is 67.58 on the 14-day chart, showing neutral technical sentiment.
Is Genco Shipping & Trading Limited subject to short interest?
Stocks of Genco Shipping & Trading Limited saw a sharp rise in short interest on 2025-06-13 jumping by 0.34 million shares to 2.56 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 2.22 million shares. A jump of 13.2% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.66 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.66.
Which companies own the most shares of Genco Shipping & Trading Limited (GNK)?
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In terms of Genco Shipping & Trading Limited share price expectations, FactSet research, analysts set an average price target of 20 in the next 12 months, up nearly 43.88% from the previous closing price of $13.9. Analysts anticipate Genco Shipping & Trading Limited stock to reach 22 by 2025, with the lowest price target being 17. In spite of this, 3 analysts ranked Genco Shipping & Trading Limited stock as Buy at the end of 2025. On July 21, 2022, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $25.
