The stock of Global Real Estate Dividend Growers Corp (TSE:GRL) reached all time low today, Dec, 1 and still has $6.98 target or 7.00% below today’s $7.50 share price. This indicates more downside for the $82.37 million company. This technical setup was reported by Barchart.com. If the $6.98 PT is reached, the company will be worth $5.77M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 38,385 shares traded hands or 61.50% up from the average. Global Real Estate Dividend Growers Corp (TSE:GRL) has declined 5.60% since April 27, 2016 and is downtrending. It has underperformed by 11.52% the S&P500.
More important recent Global Real Estate Dividend Growers Corp (TSE:GRL) news were published by: Forbes.com which released: “3 Dividend Growers With 4%+ Yields” on August 05, 2016, also Forbes.com published article titled: “2 Dividend Growers Set To Soar”, Forbes.com published: “4 Dividend Growers With Heavy Insider Buying” on August 31, 2016. More interesting news about Global Real Estate Dividend Growers Corp (TSE:GRL) was released by: Forbes.com and their article: “Don’t Sell In May: Buy These 4 Dividend Growers Instead” with publication date: May 01, 2016.
Global Real Estate Dividend Growers Corp. is a non-redeemable investment fund. The company has a market cap of $82.37 million. The investment objectives of the Fund are to provide equity shareholders with stable monthly cash distributions and to grow distributions over time, and enhanced long-term total return through capital appreciation of the Fund’s investment portfolio. It currently has negative earnings. The Fund focuses primarily on investing in securities of issuers operating in the global real estate sector and related industries and that have exhibited sustainable dividend growth.
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