Genco Shipping & Trading (GNK) NewsBite - GNK Is On the Move

Posted: Wednesday, November 11, 2009 10:38 AM EDT
By: Market Intelligence Center Staff





Genco Shipping & Trading (GNK) appears to be on the move today and is now at $22.43, up $1.71 (8.25%) on volume of 1,146,977 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.43 to a high of $29.89. Genco Shipping & Trading stock has been showing support around $19.71 and resistance in the $22.51 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for GNK. If you are looking for a hedged play on GNK the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Genco Shipping & Trading (GNK):

Genco Shipping & Trading (GNK) Showing Bullish Technicals But Could Fall Through $7.63 Support

Wednesday, February 08, 2012... Genco Shipping & Trading (NYSE:GNK) closed Tuesday's positive trading session at $8.23. In the past year, the stock has hit a 52-week low of $4.15......

http://www.marketintelligencecenter.com/analyfav/1333225

Genco Shipping & Trading (GNK) Trading Near $7.22 Support Level

Thursday, December 01, 2011... Genco Shipping & Trading Ltd. (NYSE: GNK) closed Wednesday's trading session at $7.58. In the past year, the stock has hit a 52-week low of $4.15 and......

http://www.marketintelligencecenter.com/analyfav/1318817

Genco Shipping & Trading (GNK) Up 1.3% Despite Dismal Market

Friday, September 09, 2011... Genco Shipping & Trading (NYSE: GNK) opened at $7.70. So far today, the stock has hit a low of $7.70 and a high of $8.15. GNK is now trading at......

http://www.marketintelligencecenter.com/newsbites/1300270

Genco Shipping & Trading (GNK) NewsBite - GNK Loses 2.8% After Downgrade

Friday, July 22, 2011... Genco Shipping & Trading (GNK) was downgraded today by analysts at Wells Fargo and the stock is now at $6.55, down $0.19 (-2.82%) on volume of......

http://www.marketintelligencecenter.com/newsbites/1289059

Potential Genco Shipping & Trading (GNK) Trade Has 18.13% Downside Protection

Friday, May 13, 2011... Genco Shipping & Trading (NYSE:GNK) closed Thursday's dramatic trading session at $8.00. In the past year, the stock has hit a 52-week low of $7.60......

http://www.marketintelligencecenter.com/analyfav/1272982


Hedged Trade Ideas For GNK:

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