The stock of ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) hit a new 52-week low and has $17.37 target or 7.00% below today’s $18.68 share price. The 9 months bearish chart indicates high risk for the $1.04B company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $17.37 price target is reached, the company will be worth $72.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 20,432 shares traded hands. ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) has declined 1.74% since April 8, 2016 and is downtrending. It has underperformed by 6.72% the S&P500.
More notable recent ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) news were published by: Fool.ca which released: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” on May 12, 2015, also Marketwired.com with their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” published on August 15, 2016, Marketwired.com published: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016. More interesting news about ISHARES 1-5 YR LADDER GOVT BOND ETF (TSE:CLF) were released by: Theglobeandmail.com and their article: “Corporate bond ETFs: More than meets the eye” published on October 04, 2014 as well as Theglobeandmail.com‘s news article titled: “What we’re investing in: Canada’s five most popular ETFs” with publication date: October 01, 2015.
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