8-K ·Filed May 1, 2026
8-K material event: Items 1.01
Actionable Insight • Neutral
No material financial implications. Traders can ignore this filing as it is a routine maintenance of the poison pill. Monitor for any future activist activity that could be affected by the threshold.
Final — all horizons settled through T+60d ⚠ clustered
GNK ▲ +5.17% at T+60d
NEUTRAL call +5.17% · α vs SPY +3.31% · entry $23.98 → $25.22
T+1d
+5.13%
call +5.13% · α +4.33%
$25.21
settled 6mo ago
T+5d
+9.38%
call +9.38% · α +6.45%
$26.23
settled 6mo ago
T+20d
+0.79%
call +0.79% · α -4.85%
$24.17
settled 5mo ago
T+60d
+5.17%
call +5.17% · α +3.31%
$25.22
settled 3mo ago
Price Chart
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Executive Summary
Genco Shipping & Trading Ltd. amended its shareholder rights agreement (poison pill) to rescind a prior amendment and restore a uniform 15% beneficial ownership threshold for triggering the rights plan. This is a routine governance update with no financial or operational impact.
Key Facts
- Second Amendment to Shareholder Rights Agreement executed May 1, 2026
- Rescinds the First Amendment dated November 10, 2025
- Re-establishes 15% beneficial ownership threshold for becoming an Acquiring Person
Financial Impact
Not specified
Market Snapshot
Exchange
NYSE
Sector
Deep Sea Foreign Transportation of Freight
Analyst Consensus
73% bullish (11 analysts)
Investment Themes
Industrials & Manufacturing
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-018601 |
| Document: ef20071949_ex4-1.htm | 0001140361-26-018601 |
| Document: 0001140361-26-018601-index-headers.html | 0001140361-26-018601 |
| Document: 0001140361-26-018601-index.html | 0001140361-26-018601 |
| Document: 0001140361-26-018601.txt | 0001140361-26-018601 |
71 reports for GNK
93% Hit rate @ T+60 Went positive at some point 43 of 45 best @ T+60▲ +18.75%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | Press Release | $25.76 | awaiting T+60 | — | $25.64 (−0.47%) |
Sep 25, 2026 4w ago | 8-K | $25.93 | awaiting T+60 | — | $25.64 (+1.12%) |
Sep 16, 2026 5w ago | SC 13D/A | $28.10 | awaiting T+60 | — | $25.64 (+8.75%) |
Aug 17, 2026 10w ago | Press Release | $26.22 | awaiting T+60 | — | $25.64 (−2.21%) |
Jul 27, 2026 13w ago | Press Release | $25.09 $24.72 | ▼ −1.47% | ▼ −5.53% | $25.64 (+2.19%) |
Jul 13, 2026 15w ago | Press Release | $25.35 $27.28 | ▲ +7.61% | ▲ +3.62% | $25.64 (+1.14%) |
Jul 13, 2026 15w ago | 425 | $25.35 $27.28 | ▲ +7.61% | ▲ +3.62% | $25.64 (+1.14%) |
Jun 30, 2026 16w ago | 425 | $24.66 $26.09 | ▲ +5.80% | ▲ +2.37% | $25.64 (+3.97%) |
Jun 29, 2026 17w ago | 425 | $24.39 $26.44 | ▲ +8.41% | ▲ +4.79% | $25.64 (+5.13%) |
Jun 18, 2026 18w ago | Press Release | $23.68 $28.12 | ▼ −18.75% | ▼ −17.32% | $25.64 (−8.28%) |
Showing 10 of 71
US Market Status
Market Closed — Opens in 8h 12m
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