Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel [Yahoo! Finance]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
gencoshipping.com
Company Research
Source: Yahoo! Finance
Genco expects to take delivery of the vessel, to be named the Genco Intrepid, within the next 30 days, and intends to fund the acquisition with cash on hand and a drawdown from its revolving credit facility. John C. Wobensmith, Chief Executive Officer, commented, “We are pleased to continue to advance our growth strategy with the acquisition of this modern, fuel-efficient Capesize vessel. The purchase is consistent with our stated objective of reinvesting proceeds from the sale of older, less fuel-efficient vessels into high-quality Capesize vessels to increase our earnings power and further modernize our fleet. Since implementing our value strategy in 2021, Genco has invested approximately $285 million in fleet expansion and modernization, including this latest acquisition. Moving ahead, we believe Genco's significant financial strength, highlighted by $328 million of undrawn revolver capacity at the end of Q2, will enable us to continue to capitalize on growth opportunities. At t
Show less
Read more
Impact Snapshot
Event Time:
GNK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GNK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GNK alerts
High impacting Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) news events
Weekly update
A roundup of the hottest topics
GNK
News
- Why It Might Not Make Sense To Buy Genco Shipping & Trading Limited (NYSE:GNK) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Ltd (GNK) Q3 2024 Earnings Call Highlights: Strong Financial ... [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading's (NYSE:GNK) Shareholders Will Receive A Bigger Dividend Than Last Year [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited (NYSE: GNK) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $25.00 price target on the stock.MarketBeat
- Genco Shipping & Trading Limited Announces Q3 2024 Financial ResultsGlobeNewswire
GNK
Earnings
- 11/6/24 - Beat
GNK
Sec Filings
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 8/28/24 - Form 4
- GNK's page on the SEC website