The stock of North American Financial 15 Split Corp (TSE:FFN) gapped up by $0.02 today and has $16.58 target or 117.00% above today’s $7.64 share price. The 6 months technical chart setup indicates low risk for the $69.16 million company. The gap was reported on Nov, 18 by Barchart.com. If the $16.58 price target is reached, the company will be worth $80.92 million 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 29,765 shares traded hands. North American Financial 15 Split Corp (TSE:FFN) has risen 27.81% since April 14, 2016 and is uptrending. It has outperformed by 23.38% the S&P500.
More 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 June 20, 2016. Also Marketwired.com published the news titled: “Financial 15 Split Corp. II Announces Name Change” on March 13, 2015. Marketwired.com‘s news article titled: “Financial 15 Split Corp. Announces Successful Overnight Offering” with publication date: November 20, 2015 was also an interesting one.
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 $69.16 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.