Genco Shipping & Trading Ltd
NYSE:GNK
During the last 3 months Genco Shipping & Trading Ltd insiders have not bought any shares, and sold 983.3k USD worth of shares. The stock price has dropped by 9% over this period (open performance analysis).
The last transaction was made on
Mar 4, 2025
by
Wobensmith John C
(President and CEO)
, who
sold
134.6k USD
worth of GNK shares.
During the last 3 months Genco Shipping & Trading Ltd insiders have not bought any shares, and sold 983.3k USD worth of shares. The stock price has dropped by 9% over this period (open performance analysis).
The last transaction was made on
Mar 4, 2025
by
Wobensmith John C
(President and CEO)
, who
sold
134.6k USD
worth of GNK shares.
Genco Shipping & Trading Ltd
Glance View
Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. The company is headquartered in New York City, New York and currently employs 990 full-time employees. The company went IPO on 2005-07-22. The firm transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. Its wholly owned modern and diverse fleet of dry cargo vessels consists of Capesize, Ultramax and Supramax vessels that provide a link in international trade. Its fleet consists of approximately 44 drybulk carriers, including 17 Capesize drybulk carriers, 15 Ultramax drybulk carriers, and 12 Supramax drybulk carriers with an aggregate carrying capacity of approximately 4,636,000 deadweight tons (dwt). The firm's vessels include Baltic Bear, Baltic Hornet, Baltic Lion, Baltic Wolf, Genco Aquitaine, Genco Augustus, Genco Bourgogne, Genco Liberty, Genco Picardy and Genco Vigilant.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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