Could Financial 15 Split Corp. Recover After Today’s Huge Decline?

 Could Financial 15 Split Corp. Recover After Today's Huge Decline?

The stock of Financial 15 Split Corp. (TSE:FTN) is a huge mover today! About 194,863 shares traded hands or 121.65% up from the average. Financial 15 Split Corp. (TSE:FTN) has risen 8.31% since April 14, 2016 and is uptrending. It has outperformed by 3.88% the S&P500.
The move comes after 9 months negative chart setup for the $174.45M company. It was reported on Nov, 18 by Barchart.com. We have $7.97 PT which if reached, will make TSE:FTN worth $19.19 million less.

More news for Financial 15 Split Corp. (TSE:FTN) were recently published by: Reuters.com, which released: “BRIEF-Financial 15 Split Corp. announces overnight offering” on November 17, 2016. Marketwired.com‘s article titled: “Financial 15 Split Corp. Announces Successful Overnight Offering” and published on November 20, 2015 is yet another important article.

Financial 15 Split Corporation is a mutual fund company, which invests primarily in over 15 Canadian and the United States financial services companies. The company has a market cap of $174.45 million. It offers over two types of shares, such as 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 an amount of over 5.25% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date.

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