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Genco Shipping & Trading (GNK) Jumps: Stock Rises 14.6%
Genco Shipping & Trading Ltd. (GNK - Free Report) was a big mover last session, as its shares rose almost 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.15 to $6.82 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Genco Shipping & Trading currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
GENCO SHPG&TRDG Price
GENCO SHPG&TRDG Price | GENCO SHPG&TRDG Quote
A better-ranked stock in the shipping industry is Navios Maritime Holdings Inc. which sports a Zacks Rank #1 (Strong Buy).
Is GNK going up? Or down? Predict to see what others think: Up or Down
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