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Genco Shipping & Trading stock hits 52-week high at 23.94 USD
Genco Shipping & Trading Ltd’s stock has reached a new 52-week high of $23.94 USD, reflecting a 67.77% increase over the past year and strong investor confidence. This surge occurs amidst a dispute where Genco rejected Diana Shipping Inc.'s unsolicited acquisition proposal of $20.60 per share, which Genco deemed undervalues the company. Genco’s board is currently reviewing the proposal with advisors.