New York Mortgage Trust, Inc (NASDAQ:NYMT) shares declined by 3.38%, NVIDIA Corporation (NASDAQ:NVDA)

Posted by Kristi Scott May 30, 2013 0 Comment 1091 views


New York Mortgage Trust, Inc (NASDAQ:NYMT): Wednesday’s trading session saw New York Mortgage Trust, Inc (NASDAQ:NYMT) shares dipping by 3.38%. The opening price of $6.75, moved on to touch an intraday high of $6.78 before sliding down to close at $6.23 per share. Around 5.67 million shares were traded in the session on Wednesday. This number was more than the average volume of 1.85 million which was calculated over a 30-day period.

New York Mortgage Trust, Inc (NASDAQ:NYMT)’s RSI has touched 21.1. A rapidly dipping stock price, with everything else being equal, automatically creates an improved opportunity for a company’s dividend investors to gain a higher yield. The company’s recent 1.08/share, annualized dividend, which at the moment is being paid-out in quarterly installments, amounts to a 15.89% annual yield. This is   based on its recent share price of $6.80.

Any bullish investor might look at New York Mortgage Trust, Inc (NASDAQ:NYMT)’s RSI reading as an indication that the very recent heavy selling is on the way to exhausting itself. It is time to start looking for entry-point opportunities on the “buy” side.

NVIDIA Corporation (NASDAQ:NVDA): Wednesday’s trading session saw NVIDIA Corporation (NASDAQ:NVDA) shares dipping 0.62%. The opening price of $14.44, moved on to touch an intraday high of $14.53 before sliding down to close at $14.38 per share. Around 8.38 million shares were traded in the session on Wednesday. This number was less than the average volume of 9.34 million which was calculated over a 30-day period.

NVIDIA Corporation (NASDAQ:NVDA) is involved in creating graphics chips. These chips are used in personal computers. NVDA has operations in three different segments: graphics processing unit Business, professional solutions business and the consumer products business. The company’s mobile processors are used in tablets, mobile phones, and also in auto infotainment systems. Designers utilize GPUs and create various visual effects for movie productions. They can create almost anything from dinosaurs to alluring landscapes.

NVIDIA Corporation (NASDAQ:NVDA)’s solutions are typically based on two technologies: the mobile processor technology and the GPU technology. GPUs are essentially the visual computing engines. They are behind the art as well as the science that helps computers understand, create as well as enhance unlimited images.


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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