DRYS Beats Expectations as Drilling Results Improve Thursday, November 18, 9:25 AM ET, by Market News Video Staff Driller and drybulk shipper DryShips (DRYS) posted earnings late yesterday of $49.3 million, or $0.18 ...
FBR Adds Overseas Shipholding to Top Picks Wednesday, November 24, 2:31 PM ET, by Market News Video Staff FBR Capital (FBCM) added Overseas Shipholding (OSG) to its Top Picks list today. The firm ...
Are Shipping Stocks the Best Value Play of 2011? Monday, January 31, 2:17 PM ET, by Market News Video Staff Over the past month, drybulk shippers have watched the Baltic Dry Index fall from just ...
In trading on Monday, shares of Genco Shipping & Trading Ltd (NYSE:GNK) crossed below their 200 day moving average of $8.44, changing hands as low as $8.01 per share. Genco Shipping & Trading Ltd shares are currently trading off about 6.3% on the day. The chart below shows the one year performance of GNK shares, versus its 200 day moving average:
Looking at the chart above, GNK's low point in its 52 week range is $4.15 per share, with $15.86 as the 52 week high point — that compares with a last trade of $8.14.
According to the ETF Finder at ETF Channel, GNK makes up 2.06% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 4.6% on the day Monday.
GNK operates in the Shipping sector, among companies like Ultrapetrol Bahamas Ltd (NASDAQ:ULTR) which is up about 8.1% today, and Eagle Bulk Shipping Inc (NASDAQ:EGLE) trading lower by about 0.8%. Below is a three month price history chart comparing the stock performance of GNK, versus ULTR and EGLE.
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