Wild ride for Genco Shipping

|About: Genco Shipping & Trading ... (GNK)|By:, SA News Editor

Shares of Genco Shipping (GNK +35.9%) have been on a wild ride today with an early double-digit premarket decline, a trading halt, and a sizzling rally all in the books before lunchtime.

The company says it has entered a pact with lenders which gives it a road map for bankruptcy.