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|FXD, PAG, GNTX, BWA: ETF Inflow Alert
Friday, August 12, 10:46 AM ET, by Market News Video Staff
Symbols mentioned in this story: FXD, PAG, GNTX, BWA Exchange traded funds (ETFs) trade just ...
Noteworthy Thursday Option Activity: CVX, GME, ANET
Thursday, August 18, 3:32 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Top Buys by Directors: Murphy's $293.9K Bet on MUSA
Monday, August 22, 1:29 PM ET, by Market News Video Staff
The directors of a company tend to have a unique inside view into the business, ...
October 7th Options Now Available For GameStop (GME)
Thursday, August 25, 10:38 AM ET, by Market News Video Staff
Investors in GameStop Corp (GME) saw new options become available today, for the October 7th ...
Notable Friday Option Activity: HLF, GME, RAX
Friday, August 26, 11:35 AM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
RSI Alert For Top-Ranked GameStop Corp
By Dividend Channel Staff, Thursday, June 14, 11:31 AM ET
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. GameStop Corp (NYSE:GME) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making GameStop Corp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of GME entered into oversold territory, changing hands as low as $18.00 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of GameStop Corp, the RSI reading has hit 29.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 47.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, GME's recent annualized dividend of 0.60/share (currently paid in quarterly installments) works out to an annual yield of 3.32% based upon the recent $18.11 share price.
A bullish investor could look at GME's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on GME is its dividend history.
In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
|GME Dividend History|
|* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.|
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According to the ETF Finder at ETF Channel, GME makes up 1.25% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (AMEX:FXD) which is trading up by about 1% on the day Thursday.
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