Investors Pick Up GNK 20.4% Cheaper Than Its Secondary Stock Offering
September 19, 2018 at 13:11 PM EDT
Looking back to 96 days ago, Genco Shipping & Trading Ltd (GNK) priced a 6,100,000 share secondary stock offering at $16.50 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time..