Canadian Tire Co., Limited (OTCMKTS:CDNTF – Get Free Report) shares were down 1.9% during mid-day trading on Thursday. The stock traded as low as $153.73 and last traded at $153.73. Approximately 2 shares traded 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 stock has a 50-day moving average price of $155.66 and a 200 day moving average price of $167.42.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WIT Partners Advisory Pte. Ltd. purchased a new stake in shares of Canadian Tire in the 2nd quarter valued at approximately $1,954,065,000. Pacific Heights Asset Management LLC purchased a new position in Canadian Tire in the second quarter valued at $23,700,000. Finally, Robotti Robert acquired a new stake in Canadian Tire in the second quarter valued at $12,515,000. Institutional investors and hedge funds own 2.23% of the company’s stock.
Canadian Tire Company Profile
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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