Leon’s Furniture Ltd. Can’t Burn Your Short Portfolio. Has Another Weak Session

 Leon's Furniture Ltd. Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Leon’s Furniture Ltd. (TSE:LNF) is a huge mover today! About 22,246 shares traded hands or 194.06% up from the average. Leon’s Furniture Ltd. (TSE:LNF) has risen 17.41% since April 15, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.
The move comes after 7 months negative chart setup for the $1.25 billion company. It was reported on Nov, 21 by Barchart.com. We have $16.50 PT which if reached, will make TSE:LNF worth $62.50M less.

More notable recent Leon’s Furniture Ltd. (TSE:LNF) news were published by: Fool.ca which released: “Leon’s Furniture Ltd. Is an Outperformer You Can Count on” on July 10, 2015, also Globenewswire.com with their article: “Leon’s Furniture Limited Announces Election of Directors” published on May 19, 2016, Globenewswire.com published: “Leon’s Furniture Acquires Eight Prime Retail Locations” on February 23, 2016. More interesting news about Leon’s Furniture Ltd. (TSE:LNF) were released by: Globenewswire.com and their article: “Leon’s Furniture Releases Financial Results for the Fourth Quarter and Year …” published on February 25, 2016 as well as Business.Financialpost.com‘s news article titled: “Leon’s buys domestic rival The Brick in $700M deal” with publication date: November 12, 2012.

Leon’s Furniture Limited provides a network of home furniture, appliances and electronics, and mattress stores in Canada. The company has a market cap of $1.25 billion. The Company’s retail banners include Leon’s, The Brick, The Brick Mattress Store, The Brick Clearance Centre, United Furniture Warehouse , The Brick’s Midnorthern Appliance and Appliance Canada. It has a 18.36 P/E ratio. It is a commercial retailer of appliances to builders, developers, hotels and property management companies.

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