General Maritime Stock Falls On Unusually High Volume (GMR)
General Maritime Corporation (NYSE:GMR) is trading at unusually high volume Thursday with 10.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 10 cents (-4.6%).
NEW YORK ( TheStreet) -- General Maritime Corporation (NYSE: GMR) is trading at unusually high volume Thursday with 10.1 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 10 cents (-4.6%) at $2.06 as of 12:01 p.m. ET. General Maritime has a market cap of $184 million and is part of the services sector and transportation industry. Shares are down 33.2% year to date as of the close of trading on Wednesday. General Maritime Corporation, through its subsidiaries, provides international transportation services of seaborne crude oil and petroleum products. The company's vessels are primarily available for charter on a spot voyage or time charter basis. TheStreet Ratings rates General Maritime as sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, generally weak debt management, disappointing return on equity and poor profit margins. You can view the full General Maritime Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Shares of General Maritime Corporation (NYSE:GMR) were gapping down Thursday morning with an open price 15.4% lower than Wednesday's closing price. The stock closed at 26 cents yesterday and opened today's trading at 22 cents.