|Day Low/High||5.50 / 5.51|
|52 Wk Low/High||3.62 / 31.20|
Baltic Mantis Commences Spot Market-Related Time Charter
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Baltic Scorpion to Commence Spot Market-Related Time Charter
Plan to Reduce Company's Debt by Approximately $1.2 Billion
Files Prepackaged Plan of Reorganization with Strong Support of Lenders and Noteholders; Expects to Reduce Total Debt by Approximately $1.2 Billion
Genco Shipping & Trading (GNK) is tumbling on Monday, reversing gains achieved towards the end of last week.
Genco Shipping & Trading (GNK) Stock is higher today after news it has reached a deal with lenders giving the company a "road map to bankruptcy."
Genco Shipping & Trading (GNK) is soaring Friday on heavier than normal trading volume.
Investors in Genco Shipping & Trading Ltd saw new options begin trading this week, for the May 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the GNK options chain for the new May 17th contracts and identified one put and one call contract of particular interest.
Genco Shipping & Trading (GNK) is soaring after it paid an interest payment owed on its convertible debt.
Genco Shipping & Trading (GNK) shares are tumbling after The New York Post published a report that the shipping company would soon file for Chapter 11 bankruptcy protection. The newspaper cited an unnamed person familiar with the situation but has not disclosed its source.
Investors in Genco Shipping & Trading Ltd saw new options become available this week, for the October 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 235 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
Genco Shipping (GNK) shares tank on Wednesday after the shipper disclosed that it had entered into a limited waiver of default on its loan agreement.