Featured MNV Articles:
More articles: 1 2 3 4 5 6 7 next »
|Notable Thursday Option Activity: GME, FB, VEEV
Thursday, October 6, 3:26 PM ET, by Market News Video Staff
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
RSI Alert: GameStop Now Oversold
Friday, October 7, 11:35 AM ET, by Market News Video Staff
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
The Implied Analyst 12-Month Target For DSI
Thursday, October 13, 10:52 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Relative Strength Alert For Liberty Interactive
Thursday, October 13, 12:05 PM ET, by Market News Video Staff
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Notable Friday Option Activity: ASPS, GME, HIVE
Friday, October 14, 3:35 PM ET, by Market News Video Staff
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Top-Ranked GameStop Corp Getting Very Oversold
By Dividend Channel Staff, Monday, July 16, 11:34 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 Monday, shares of GME entered into oversold territory, changing hands as low as $16.36 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 28.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 58.0. 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 3.57% based upon the recent $16.83 share price.
A bullish investor could look at GME's 28.9 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.|
Special Offer: Small cap value stocks have outperformed the markets since the end of the recession — see what you've been missing with this free 30 day trial
According to the ETF Finder at ETF Channel, GME makes up 1.29% of the First Trust Consumer Discretionary AlphaDEX Fund ETF (AMEX:FXD) which is trading lower by about 0.2% on the day Monday.
See what other ETFs contain GME »
See what other stocks are held by FXD »
This Article's Word Cloud: