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Stock impact report

Why Genco (GNK) Stock Is Trading Up Today [Yahoo! Finance]

Diana Shipping inc. common stock (DSX) 
Last diana shipping inc. common stock earnings: 2/21 07:53 am Check Earnings Report
US:NYSE Investor Relations: dianashippinginc.com/investors
Company Research Source: Yahoo! Finance
sentiment in the dry bulk shipping sector lifted shares after competitor Diana Shipping announced a new charter contract. Investors seemed to focus on the news that Diana Shipping secured a time charter contract for one of its Kamsarmax vessels at a gross rate of $14,000 per day. This specific, positive data point appeared to outweigh concerns from the previous day when the Baltic Dry Index, a key measure for shipping rates of dry goods, fell to a near one-week low. The move in Genco's stock suggested that traders were more encouraged by the solid contract rate secured by a peer than they were discouraged by the modest dip in the broader market index. After the initial pop the shares cooled down to $19.33, up 3.6% from previous close. Is now the time to buy Genco? Access our full analysis report here, it's free What Is The Market Telling Us Genco's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicat Show less Read more
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