Indigo Books & Music Inc. Stock Is Crashing Now

 Indigo Books & Music Inc. Stock Is Crashing Now

The stock of Indigo Books & Music Inc. (TSE:IDG) is a huge mover today! About 17,475 shares traded hands or 72.32% up from the average. Indigo Books & Music Inc. (TSE:IDG) has risen 9.61% since April 12, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.
The move comes after 5 months negative chart setup for the $438.22 million company. It was reported on Nov, 16 by Barchart.com. We have $14.76 PT which if reached, will make TSE:IDG worth $43.82 million less.

More notable recent Indigo Books & Music Inc. (TSE:IDG) news were published by: Seekingalpha.com which released: “Indigo Books & Music’s (IDGBF) CEO Heather Reisman on Q4 2016 Results …” on June 01, 2016, also Business.Financialpost.com with their article: “Indigo Books and Music Inc profit soars to highest in 3 years as general …” published on February 02, 2016, Business.Financialpost.com published: “Indigo Books & Music Inc’s Heather Reisman takes on ‘challenge of retail’ with …” on May 24, 2016. More interesting news about Indigo Books & Music Inc. (TSE:IDG) were released by: Business.Financialpost.com and their article: “Indigo Books and Music Inc launches new app Reco, a social network for book …” published on July 22, 2016 as well as Bloomberg.com‘s news article titled: “Indigo Eyes U.S. as Dolls Help Bookseller Fend Off Amazon” with publication date: May 05, 2015.

Indigo Books & Music Inc. is a Canada book, gift and toy retailer. The company has a market cap of $438.22 million. The Firm operates stores in approximately 10 provinces and a territory in Canada, and offers online sales through its indigo.ca Website. It has a 14.66 P/E ratio. It operates approximately 90 superstores under the banners Chapters and Indigo, and approximately 120 small format stores under the banners Coles, Indigospirit, SmithBooks and The Book Company.

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