Question

I do not understand what the GDP is telling me as of July 30. What is happening? Can you interpret in detail why GDP is down as of July 30? Can you explain what this chart is telling us?

QUOTES & COMPANIES Goodrich Petroleum Corp. GDP (U.S.: NYSE American) VIEW ALL COMPANIES 1D 5D 1M 3M AT CLOSE 4:00 PM EDT 07/30/20 YTD 17 3 Y Volume 18,796 $6.93 USD -0.16 -2.26% 65 Day Avg Vol 34,238 $7.00 1 Day Range 6.76-7.12 $6.75 52 Week Range 2.40-12.00 (03/09/20 - 08/01/19) $6.50 Jul 24 Jul 27 Jul 28 Jul 29 Jul 30 ADVANCED CHARTING COMPARE - Open 6.90 Prior Close 7.09 (07/29/20) 1 Day GDP-2.26% DJIA -0.85% Russell 2K-0.37% Screenshot Enel

I'll really appreciate it!

Answer 1

GDP here DOES NOT REFERS TO Gross Domestic Product.

GDP is the Instrument name (short form) for Goldrich Petroleum corporation.

Negative 2.26% depicts that the share price is down by 2.26% as compared to the closing price of previous trading day (which was $7.09)

The chart shown in above image is a "5-day chart" which shows the share price movement of Goldrich Petroleum corporation over the past 5 trading days.

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