Could ONEX Corporation Decline After Today’s Huge Increase?

 Could ONEX Corporation Decline After Today's Huge Increase?

The stock of ONEX Corporation (TSE:ONEX) is a huge mover today! About 26,566 shares traded hands. ONEX Corporation (TSE:ONEX) has risen 19.71% since April 27, 2016 and is uptrending. It has outperformed by 13.78% the S&P500.
The move comes after 7 months positive chart setup for the $9.79B company. It was reported on Dec, 1 by Barchart.com. We have $101.30 PT which if reached, will make TSE:ONEX worth $587.40 million more.

More notable recent ONEX Corporation (TSE:ONEX) news were published by: Bloomberg.com which released: “Supervalu to Sell Save-A-Lot Chain to Onex for $1.37 Billion” on October 17, 2016, also Business.Financialpost.com with their article: “Onex Corp reverses its normal exit strategy, plans to use IPO to sell stake in …” published on June 06, 2016, Fool.ca published: “ONEX Corporation Gets Analytical” on October 06, 2016. More interesting news about ONEX Corporation (TSE:ONEX) were released by: Business.Financialpost.com and their article: “Onex Corp hungry for restaurant, retail deals to lighten $2.2 billion war chest” published on September 08, 2016 as well as Reuters.com‘s news article titled: “Exclusive: Buyout firm Onex in the lead to acquire Save-A-Lot – sources” with publication date: September 29, 2016.

Onex Corporation is a private equity firm. The company has a market cap of $9.79 billion. The Firm operates in eight divisions: Electronics Manufacturing Services, Healthcare Imaging, Health and Human Services, Building Products, Insurance Services, Packaging Products and Services, Credit Strategies, and Other Businesses. It currently has negative earnings. The Company’s Other businesses include aerospace automation, tooling and components, aircraft leasing and management, business services/tradeshows, restaurants, hospital management services, survival equipment and plastics processing equipment.

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