Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
GENCO SHIPPING & TRADING LTD (GNK)
Sector: Industrials; Industry: Marine Shipping

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2021-01-21 CCP II Cayman GP Ltd. 10%-Owner Sell 100,000 $8.77 $877,229 No
2021-01-21 Centerbridge Credit Partners, L.P. 10%-Owner Sell 100,000 $8.77 $877,229 No
2021-01-15 CCP II Cayman GP Ltd. 10%-Owner Sell 90,000 $8.15 $733,767 No
2021-01-15 Centerbridge Credit Partners, L.P. 10%-Owner Sell 90,000 $8.15 $733,767 No
2021-01-12 Strategic Value Partners, LLC 10%-Owner Sell 6,902,062 $8.22 $56,734,201 No
2021-01-12 CCP II Cayman GP Ltd. 10%-Owner Sell 160,000 $8.48 $1,357,421 No
2021-01-12 Centerbridge Credit Partners, L.P. 10%-Owner Sell 160,000 $8.48 $1,357,421 No
2021-01-07 CCP II Cayman GP Ltd. 10%-Owner Sell 325,000 $8.04 $2,613,188 No
2021-01-07 Centerbridge Credit Partners, L.P. 10%-Owner Sell 325,000 $8.04 $2,613,188 No
2021-01-04 CCP II Cayman GP Ltd. 10%-Owner Sell 165,000 $7.34 $1,211,268 No
2021-01-04 Centerbridge Credit Partners, L.P. 10%-Owner Sell 165,000 $7.34 $1,211,268 No
2020-12-29 CCP II Cayman GP Ltd. 10%-Owner Sell 115,000 $7.20 $828,567 No
2020-12-29 Centerbridge Credit Partners, L.P. 10%-Owner Sell 115,000 $7.20 $828,567 No
2020-12-22 CCP II Cayman GP Ltd. 10%-Owner Sell 31,980 $7.15 $228,757 No
2020-12-22 Centerbridge Credit Partners, L.P. 10%-Owner Sell 31,980 $7.15 $228,757 No
2020-12-11 Apollo Management Holdings GP, LLC 10%-Owner Sell 1,034,877 $7.15 $7,399,991 No
2020-03-04 WOBENSMITH JOHN C CEO, President and Secretary Sell 9,932 $7.03 $69,856 Yes
2020-03-04 WOBENSMITH JOHN C CEO, President and Secretary Sell 9,932 $70334.00 $698,557,288 Yes
2020-03-04 Zafolias Apostolos Chief Financial Officer Sell 1,430 $7.02 $10,045 Yes
2020-02-27 WOBENSMITH JOHN C CEO, President and Secretary Sell 3,348 $7.34 $24,572 Yes
2020-02-27 Zafolias Apostolos Chief Financial Officer Sell 584 $7.07 $4,126 Yes
2019-11-14 Strategic Value Partners, LLC 10%-Owner, Director Sell 2,000,000 $10.00 $20,000,000 No
2019-03-06 Zafolias Apostolos Chief Financial Officer Sell 608 $8.65 $5,259 Yes
2018-10-17 WOBENSMITH JOHN C CEO, President and Secretary Sell 46,784 $12.51 $585,377 Yes
2017-12-12 CCP II Cayman GP Ltd. 10%-Owner Sell 320,462 $13.11 $4,201,257 Yes
2017-12-12 Centerbridge Credit Partners, L.P. 10%-Owner Sell 320,462 $13.11 $4,201,257 Yes
2015-11-10 Strategic Value Partners, LLC 10%-Owner Buy 2,527,255 $1.72 $4,334,971 No
2015-08-12 WOBENSMITH JOHN C President and Secretary Sell 17,190 $7.00 $120,289 No
2015-08-07 Zafolias Apostolos Chief Financial Officer Sell 3,038 $7.17 $21,797 No
2015-08-11 WOBENSMITH JOHN C President and Secretary Sell 18,349 $7.17 $131,627 No

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