Notable Friday Option Activity: IBRX, GTES, DVN Friday, May 5, 5:36 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Peek Under The Hood: VONV Has 14% Upside Friday, May 12, 7:00 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
RSI Alert: Gates Industrial (GTES) Now Oversold Wednesday, May 17, 12:01 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
GTES Crosses Below Key Moving Average Level Wednesday, May 17, 4:18 PM ET, by Market News Video Staff In trading on Wednesday, shares of Gates Industrial Corp PLC (GTES) crossed below their 200 ...
Looking back to 111 days ago, Gates Industrial Corp PLC (NYSE:GTES) priced a 25,000,000 share secondary stock offering at $16.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Tuesday, bargain hunters could buy shares of GTES and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $15.96 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Gates Industrial Corp PLC shares are currently trading down about 2% on the day. The chart below shows the one year performance of GTES shares, versus its 200 day moving average:
Looking at the chart above, GTES's low point in its 52 week range is $12.34 per share, with $18.94 as the 52 week high point — that compares with a last trade of $15.98.
This Article's Word Cloud:BuyersChannelCorpDividendGTESGatesIndustrialLookingNYSENewsletterOfferOfferingsPremiumReceiveRecentSecondariesSecondarySpecialStartStockTuesdayaboutaboveachieveafternoonannouncementattractiveaveragebackbargainbasisbecausebeenbeforebelowbestbullishchartinvestmentlastofferingpointpricedsharesharesstockthattradingweekwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
X
Wait! Don't leave yet.
Want to receive our latest research absolutely free?
⤹
Click the button below for your complimentary copy of Your Early Retirement Portfolio: Dividends Up to 8.7%—Every Month—Forever.
You'll discover the details on 4 stocks and funds that pay you massive dividends as high as 8.7%.