The market has been down on Genco Shipping & Trading Ltd (GNK) stock recently. GNK gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Genco Shipping & Trading Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on GNK!
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GNK Stock Today?
Genco Shipping & Trading Ltd (GNK) stock is up 7.21% while the S&P 500 is lower by -0.6% as of 2:14 PM on Thursday, Nov 9. GNK is up $0.93 from the previous closing price of $12.83 on volume of 1,006,183 shares. Over the past year the S&P 500 is higher by 13.80% while GNK is lower by -6.78%. GNK earned $1.95 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.05.
More About Genco Shipping & Trading Ltd
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 Ltd stock.
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