Is it Time to Dump Genco Shipping & Trading Limited (GNK) Stock After it Has Risen 11.40% in a Week?

Genco Shipping & Trading Limited (GNK) stock is up 11.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Genco Shipping & Trading Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GNK!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GNK Stock Today?

Genco Shipping & Trading Limited (GNK) stock is trading at $16.32 as of 1:55 PM on Monday, Nov 14, an increase of $0.20, or 1.27% from the previous closing price of $16.11. The stock has traded between $15.83 and $16.43 so far today. Volume today is 1,124,064 compared to average volume of 1,075,184. To screen for more stocks like Genco Shipping & Trading Limited click here.

More About Genco Shipping & Trading Limited

Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain and other core commodities. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters. Click Here to get the full Stock Report for Genco Shipping & Trading Limited stock.