The stock of BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) hit a new 52-week low and has $15.16 target or 3.00% below today’s $15.63 share price. The 6 months bearish chart indicates high risk for the $2.12 billion company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $15.16 price target is reached, the company will be worth $63.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 30,506 shares traded hands. BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) has declined 0.88% since April 27, 2016 and is downtrending. It has underperformed by 6.81% the S&P500.
Another recent and important BMO AGGREGATE BOND INDEX ETF (TSE:ZAG) news was published by Theglobeandmail.com which published an article titled: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016.
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