The stock of North American Financial 15 Split Corp (TSE:FFN) gapped up by $0.06 today and has $14.56 target or 116.00% above today’s $6.74 share price. The 5 months technical chart setup indicates low risk for the $61.60 million company. The gap was reported on Oct, 19 by Barchart.com. If the $14.56 price target is reached, the company will be worth $71.46M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 45,365 shares traded hands or 13.26% up from the average. North American Financial 15 Split Corp (TSE:FFN) has risen 11.68% since March 14, 2016 and is uptrending. It has outperformed by 6.13% the S&P500.
More notable recent North American Financial 15 Split Corp (TSE:FFN) news were published by: Marketwired.com which released: “North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration …” on October 19, 2016, also Marketwired.com with their article: “North American Financial 15 Split Corp.: Regular Monthly Dividend Declaration …” published on June 20, 2016, Marketwired.com published: “Financial 15 Split Corp. II Announces Name Change” on March 13, 2015. More interesting news about North American Financial 15 Split Corp (TSE:FFN) were released by: Marketwired.com and their article: “Financial 15 Split Corp. Announces Successful Overnight Offering” published on November 20, 2015 as well as Theglobeandmail.com‘s news article titled: “Ups and downs of split shares” with publication date: March 01, 2011.
North American Financial 15 Split Corporation is a mutual fund firm that invests in over 10 financial services companies in Canada and the United States. The company has a market cap of $61.60 million. It offers two types of shares: preferred shares and class A shares. It currently has negative earnings. The Company’s investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount of over 5.25% annually and to pay the holders of the preferred shares a certain price per preferred share on or about the termination date.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.