On Monday the stock will take off when we all see the fat dividend of I suspect $2.25 that will continue for a few days.
Then it drops lower than the dividend. This is a normal cycle and after pay out it often steadily goes back up to higher than
what it was at the previous high point.
EG last cycle FMG rose to $26.40 then dropped to the low point of $19.97 then rose to $26.58 and has dropped
back to about $20 but will rise on Monday to about Wednesday or so then it drops hard.
Each to their own madness. Sell after the record date which many will do to get the dividend
then watch it fall, shorters make sure of that then panic sets in and after pay out likely in October 3
the stock will rise for the next 6 months then it all repeats again.
I suspect the stock of FMG to be in the $27 to $30 range by years end.
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Last
$21.77 |
Change
-0.055(0.25%) |
Mkt cap ! $67.89B |
Open | High | Low | Value | Volume |
$22.18 | $22.18 | $21.74 | $55.47M | 2.522M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1857 | $21.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.77 | 4874 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 15957 | 21.780 |
19 | 8651 | 21.770 |
15 | 9202 | 21.760 |
21 | 13316 | 21.750 |
19 | 21318 | 21.740 |
Price($) | Vol. | No. |
---|---|---|
21.790 | 2605 | 25 |
21.800 | 7212 | 23 |
21.810 | 3911 | 11 |
21.820 | 3837 | 10 |
21.830 | 23219 | 12 |
Last trade - 12.58pm 09/07/2024 (20 minute delay) ? |
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