Wall Street lost its grip on new highs established during the previous trading session on Friday, as the major US indices and exchanges stumbled to close out the week on a particularly low note.
A run on shipping stocks proved the rising tide that lifted all ships in early trading on Friday, with several shipping companies opening even and then experiencing a heavy run of buying that
At www.ValuEngine.com we show that the Transportation sector is 18.2% overvalued with the Shipping industry 39.3% overvalued. All 18 stocks in today’s table have complete ValuEngine data and
Company chart and information is provided by TradingView based on 15-minute-delayed data.
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.
| Website: | www.gencoshipping.com |
| Main Phone: | +1 646 443-8550 |
| Address: | 299 Park Avenue |
| Address 2: | 12th Floor |
| State: | NY |
| City / Town: | New York |
| Country: | US |
| Postal Code: | 10171 |
| Exchange: | NYE |
| CEO: | John C. Wobensmith |
| Employees: | 960 |
| NAICS: | Deep Sea Freight Transportation(483111) |
Wall Street lost its grip on new highs established during the previous trading session on Friday, as the major US indices and exchanges stumbled to close out the week on a particularly low note.
A run on shipping stocks proved the rising tide that lifted all ships in early trading on Friday, with several shipping companies opening even and then experiencing a heavy run of buying that
At www.ValuEngine.com we show that the Transportation sector is 18.2% overvalued with the Shipping industry 39.3% overvalued. All 18 stocks in today’s table have complete ValuEngine data and
Initial Jobless Claims rose to 367,000 staying above the 350,000 recessionary threshold. Factory Orders fell 5.2% in August the biggest drop since January 2009. Freddie Mac set its 30-year fixed
Construction Spending in March was weaker than expected with a rise of just 0.1%. The ISM manufacturing index was stronger than expected in April at 54.8. The Dow Jones Industrial Average traded
Initial Jobless Claims came in at 351,000 in the latest week and last week’s reading was revised upward to 351,000. This means that claims are on the cusp of trending below the 350,000
Despite low mortgage rates, mortgage applications for re-financings and home purchases declined 4.5% last week. Existing Home Sales rose 4.3% in January to an annual rate of 4.57 million units.
The Dow Jones Industrial Average traded around the 12,900 mark between 12,846.41 and 12,924.71. The NASDAQ stayed above 2900 in a range and was trading above 2930 going into the final half hour of
The Federal Open Market Committee announced that the federal funds rate will remain at zero to 0.25% at least through late 2014 on significant downside risks from global financial stress. The Dow
Durable Goods Orders fell 0.7% in October from the month prior, but excluding the transportation component were up 0.7%. New claims for unemployment benefits came in at 393,000 last week still
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