Canaccord Genuity Group (OTCMKTS:CCORF) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Canaccord Genuity Group Inc. (OTCMKTS:CCORF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.22 and traded as high as $8.8540. Canaccord Genuity Group shares last traded at $8.81, with a volume of 4,969 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “buy” rating on shares of Canaccord Genuity Group in a research note on Monday, November 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Canaccord Genuity Group Stock Down 2.8%

The stock has a 50-day moving average of $8.24 and a 200 day moving average of $7.91.

About Canaccord Genuity Group

Canaccord Genuity Group (OTCMKTS: CCORF) is a global, full-service investment bank and financial services firm providing a range of advisory, financing, research and sales and trading services. The company’s primary business activities include equity and debt underwriting, mergers and acquisitions advisory, institutional brokerage, and wealth management. Through its integrated platform, Canaccord Genuity serves corporate, institutional and high-net-worth clients with customized capital markets solutions and strategic advice.

Founded in Vancouver in 1950, the firm has grown through a combination of organic expansion and targeted acquisitions, including the 2010 merger with Genuity Capital Markets, which bolstered its corporate finance capabilities.