Gener8 Maritime, Inc. (GNRT) Files Form 4 Insider Selling : Leonard J. Vrondissis Sells 25,000 Shares

Gener8 Maritime, Inc. (GNRT): Leonard J. Vrondissis , EVP, Secretary and CFO of Gener8 Maritime, Inc. sold 25,000 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $6.83 per share for a total value of $170,750.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 26, 2015, John P Tavlarios (COO) purchased 15,000 shares at $13.03 per share price.

Gener8 Maritime Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Gener8 Maritime Inc which led to swings in the share price. The shares opened for trading at $7.01 and hit $7.52 on the upside , eventually ending the session at $7.33, with a gain of 4.86% or 0.34 points. The heightened volatility saw the trading volume jump to 6,95,682 shares. The 52-week high of the share price is $14.82 and the company has a market cap of $606 M . The 52-week low of the share price is at $4.81.

Gener8 Maritime Inc Money Flow Index Chart

Gener8 Maritime Inc. (Gener8 Maritime) provides international seaborne crude oil transportation services. The Company is engaged in the transportation of crude oil and petroleum products. Gener8 Maritime owns a fleet of around 46 tankers including 25 vessels on the water consisting of seven very large crude carriers (VLCCs) including Genmar Zeus Genmar Atlas Genmar Hercules Genmar Ulysses Genmar Poseidon Genmar Victory and Genmar Vision; 11 Suezmax vessels including Genmar Spartiate Genmar Maniate Genmar St. Nikolas Genmar George T Genmar Kara G Genmar Harriet G Genmar Orion Genmar Argus Genmar Spyridon Genmar Horn and Genmar Phoenix; four Aframax vessels including Genmar Strength Genmar Daphne Genmar Defiance and Genmar Elektra; two Panamax vessels including Genmar Companion and Genmar Compatriot and one Handymax vessel Genmar Consul. Its vessels have an aggregate carrying capacity of around 4.5MM deadweight tons (DWT).

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