Today’s Stock On Watch: Does Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Have Any Gas After Today’s Significant Increase?

Today's Stock On Watch: Does Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) Have Any Gas After Today's Significant Increase?

The stock of Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) is a huge mover today! About 451,626 shares traded hands or 25.49% up from the average. Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) has risen 41.03% since April 13, 2016 and is uptrending. It has outperformed by 37.10% the S&P500.
The move comes after 5 months positive chart setup for the $60.67M company. It was reported on Nov, 15 by Barchart.com. We have $18.85 PT which if reached, will make NYSE:GNK worth $67.95M more.

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) Ratings Coverage

Out of 3 analysts covering Genco Shipping & Trading Limited (NYSE:GNK), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Genco Shipping & Trading Limited has been the topic of 5 analyst reports since October 23, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Tuesday, December 15 by Morgan Stanley. On Wednesday, July 27 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Neutral” rating on Tuesday, August 2 by Seaport Global.

According to Zacks Investment Research, “Genco Shipping & Trading Ltd. is a ship owning company. It transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes. The company owned fleet of dry cargo vessels which consists of Capesize, Panamax, Ultramax, Supramax, Handymax and Handysize vessels. Genco Shipping & Trading Ltd. is based in New York, United States.”

More notable recent Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) news were published by: Globenewswire.com which released: “Genco Shipping & Trading Limited Announces Third Quarter Financial Results” on November 02, 2016, also Globenewswire.com with their article: “Genco Shipping & Trading Limited Announces Second Quarter Financial Results” published on August 03, 2016, Globenewswire.com published: “Genco Shipping & Trading Limited Announces Fourth Quarter Financial Results” on March 10, 2016. More interesting news about Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (NYSE:GNK) were released by: Hellenicshippingnews.com and their article: “BSM and Bernhard Schulte Engage with Shipping Community in Japan” published on February 04, 2016 as well as Prnewswire.com‘s news article titled: “Baltic Trading Limited Announces First Quarter Financial Results” with publication date: May 04, 2015.

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