Aimia Inc’s Big Gap Up Today Points to Less Stock Risks

 Aimia Inc's Big Gap Up Today Points to Less Stock Risks

The stock of Aimia Inc (TSE:AIM) gapped up by $0.02 today and has $8.58 target or 4.00% above today’s $8.25 share price. The 7 months technical chart setup indicates low risk for the $1.27 billion company. The gap was reported on Nov, 30 by Barchart.com. If the $8.58 price target is reached, the company will be worth $50.80M 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 226,622 shares traded hands. Aimia Inc (TSE:AIM) has declined 6.21% since April 26, 2016 and is downtrending. It has underperformed by 11.43% the S&P500.

Aimia Inc (TSE:AIM) Ratings Coverage

Out of 5 analysts covering Aimia (TSE:AIM), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. $15 is the highest target while $8 is the lowest. The $9.42 average target is 14.18% above today’s ($8.25) stock price. Aimia has been the topic of 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Wednesday, November 9, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, November 2 by TD Securities.

More notable recent Aimia Inc (TSE:AIM) news were published by: Seekingalpha.com which released: “Aimia Is All About The Rewards” on November 27, 2016, also Businesswire.com with their article: “Sigma Group Acquires Aimia Inc. Enhancement Services Business Unit” published on August 16, 2016, Business.Financialpost.com published: “Aeroplan operator Aimia Inc expects to lay off more than 200 employees by end …” on November 13, 2015. More interesting news about Aimia Inc (TSE:AIM) were released by: Marketwatch.com and their article: “Aimia Inc. announces notice of redemption for all of its 6.95% senior secured …” published on November 08, 2016 as well as Business.Financialpost.com‘s news article titled: “Aeroplan operator Aimia Inc takes a hit from slowing Canadian economy …” with publication date: August 14, 2015.

Aimia Inc. is a Canada-based data-driven marketing and loyalty analytics company. The company has a market cap of $1.27 billion. The Company, through its subsidiaries, operates in the regional business divisions of Canada; the United States and Asia-Pacific , and Europe, the Middle-East and Africa (EMEA). It currently has negative earnings. In Canada, it owns and operates the Aeroplan Program, a coalition loyalty program.

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