Canadian Tire Co., Limited (OTCMKTS:CDNTF – Get Free Report) shares dropped 1.9% during mid-day trading on Thursday. The company traded as low as $153.73 and last traded at $153.73. Approximately 2 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 112 shares. The stock had previously closed at $156.65.
Canadian Tire Stock Performance
The firm has a 50 day simple moving average of $155.62 and a 200-day simple moving average of $167.33.
Institutional Trading of Canadian Tire
Institutional investors have recently bought and sold shares of the business. WIT Partners Advisory Pte. Ltd. acquired a new position in shares of Canadian Tire in the 2nd quarter valued at $1,954,065,000. Pacific Heights Asset Management LLC acquired a new position in Canadian Tire during the second quarter worth approximately $23,700,000. Finally, Robotti Robert purchased a new stake in Canadian Tire in the second quarter valued at approximately $12,515,000. 2.23% of the stock is owned by hedge funds and other institutional investors.
About Canadian Tire
Canadian Tire Corporation, Limited is a Canadian retail company that operates a network of stores and digital channels serving consumers across Canada. Its flagship Canadian Tire banner offers automotive products and services, hardware, home and outdoor merchandise, sporting goods, leisure products, seasonal items and other everyday essentials. Many Canadian Tire stores are operated by independent dealers under the Canadian Tire banner.
The company also operates several specialty retail banners, including SportChek, Mark’s and Pro Hockey Life.
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