Could Genco Shipping & Trading Limited (GNK) Lose Strenght? The Stock Increases A Lot Today

The stock of Genco Shipping & Trading Limited (NYSE:GNK) is a huge mover today! The stock increased 3.78% or $0.4 during the last trading session, reaching $10.97. About 187,304 shares traded. Genco Shipping & Trading Limited (NYSE:GNK) has declined 33.75% since September 13, 2018 and is downtrending. It has underperformed by 33.75% the S&P500.
The move comes after 7 months positive chart setup for the $464.51M company. It was reported on Sep, 13 by Barchart.com. We have $11.85 PT which if reached, will make NYSE:GNK worth $37.16M more.

More notable recent Genco Shipping & Trading Limited (NYSE:GNK) news were published by: Globenewswire.com which released: “Genco Shipping & Trading Limited Establishes Singapore Presence – GlobeNewswire” on October 17, 2017, also Globenewswire.com with their article: “Genco Shipping & Trading Limited Completes Acquisitions of High Specification, Fuel Efficient Capesize and Ultramax Vessels – GlobeNewswire” published on September 11, 2018, Finance.Yahoo.com published: “Shipping Stocks Pull Back After Trump Trade Warning – Yahoo Finance” on May 06, 2019. More interesting news about Genco Shipping & Trading Limited (NYSE:GNK) were released by: Globenewswire.com and their article: “Genco Shipping & Trading Limited Appoints Captain Robert Hughes as Chief Operations Officer – GlobeNewswire” published on December 18, 2018 as well as Globenewswire.com‘s news article titled: “Genco Shipping & Trading Limited Announces First Quarter Financial Results – GlobeNewswire” with publication date: May 08, 2019.

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company has market cap of $464.51 million. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ores, coal, grains, steel products, and other dry-bulk cargoes. It currently has negative earnings. The firm charters its vessels primarily to trading houses, such as commodities traders; producers; and government-owned entities.

Genco Shipping & Trading Limited (NYSE:GNK) Ratings Chart

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