Genco Shipping & Trading Ltd

NYSE: GNK
$20.55
-$0.40 (-1.9%)
Closing price April 12, 2024
Genco Shipping & Trading Ltd specializes in maritime transport of drybulk cargoes globally. With a fleet that carries items like iron ore, grains, coal, and steel, the company serves a diverse clientele including commodity traders, producers, and government entities. Founded in 2004 and based in New York, Genco is a key player in the ocean shipping industry, facilitating major bulk shipments across the world.
Monday's top analyst upgrades and downgrades included Amgen, CarMax, Centene, CrowdStrike, Intuit, Micron Technology, Microsoft, Nike, NOV, Roblox, Unity Software and Wells Fargo.
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Maritime shipping companies pay some of the highest dividends of any industry when times are good. And times are better than good now. How long can investors expect to enjoy these big payouts?
See why four top shipping stocks that have acted extremely well in the face of some turbulent trading, and that in some cases pay double-digit dividends, may be among the best bets for investors for...
Source: ThinkstockShipping rates as measured by the Baltic Dry Index are up about a third since the end of August. The index measures shipping rates for dry bulk cargoes such as grain and iron ore...
Source: ThinkstockIt is not unusual to see most research on Wall Street pretty much line up either for or against a company. Analysts typically look at the same metrics in the balance sheet and the...
U.S. equity markets opened higher this morning, buoyed by a smaller-than-expected total of new claims for unemployment benefits in the U.S. (more coverage here). The U.S. trade deficit also fell...
Source: Jon OggInvestors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. They often do not get to see when analyst downgrade stocks. We review many fresh research...
Source: ThinkstockShares of a host of shipping companies are getting a big boost today on a report from Bloomberg that the 2013 outlook for shipping rates, especially for iron ore, are set to rise...
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Dry bulk shipper Eagle Bulk Shipping Inc. (NASDAQ: EGLE) filed a Form S-3 with the SEC this morning announcing the sale of up to 3.15 million shares of common stock priced at $2.84. Shares closed at...
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One indicator of a profitable holiday season for US retailers is the flow of goods into US ports. The shipping season for holiday goods generally starts in July and August and runs through October....
In October 2007, shares of bulk carrier DryShips Inc. (NASDAQ: DRYS) traded as high as $124/share. The share price today is less than $4/share, but that is not stopping the company from making an...