|Day Low/High||8.51 / 8.79|
|52 Wk Low/High||7.57 / 16.18|
Investors in Nordic American Tankers Ltd saw new options become available today, for the July 2017 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
In trading on Monday, shares of Nordic American Tankers Ltd entered into oversold territory, changing hands as low as $8.17 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.
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Looking at the universe of stocks we cover at Dividend Channel, on 10/25/16, Nordic American Tankers Ltd will trade ex-dividend, for its quarterly dividend of $0.26, payable on 11/10/16. As a percentage of NAT's recent stock price of $9.74, this dividend works out to approximately 2.67%, so look for shares of Nordic American Tankers Ltd to trade 2.67% lower — all else being equal — when NAT shares open for trading on 10/25/16.
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In recent trading, shares of Nordic American Tankers Ltd have crossed above the average analyst 12-month target price of $9.40, changing hands for $9.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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In recent trading, shares of Nordic American Tankers Ltd have crossed above the average analyst 12-month target price of $10.60, changing hands for $10.96/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.