Genco Shipping Trading Limited (GNK) Stock Split History

Genco Shipping Trading Limited has split its stock once since its initial public offering (IPO). The stock split of Genco Shipping Trading Limited occurred on July 08, 2016 on a 1-for-10 basis, meaning that for 10 shares of GNK owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Genco Shipping Trading Limited's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Genco Shipping Trading Limited has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when GNK stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Genco Shipping Trading Limited's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.