SpinTrades

SSTK over 69.03 with 12/2 catalyst

Long
NYSE:SSTK   Shutterstock, Inc.
Tight price consolidation on this one with an upcoming ex-dividend catalyst on 12/16, although purchase on or before 12/2 is required to receive it. This means we should see some buying on and before that date. From Yahoo Finance: "If you purchase the stock on or after the 2nd of December, you won't be eligible to receive this dividend, when it is paid on the 16th of December.

Shutterstock's upcoming dividend is US$0.17 a share, following on from the last 12 months, when the company distributed a total of US$0.68 per share to shareholders."


Note it is a stock that trades on lower volume and has some illiquidity in the options chain.

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