The stock of Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) hit a new 52-week low and has $17.78 target or 6.00% below today’s $18.92 share price. The 7 months bearish chart indicates high risk for the $1.99B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $17.78 price target is reached, the company will be worth $119.40M 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 28,646 shares traded hands. Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) has declined 0.58% since April 27, 2016 and is downtrending. It has underperformed by 6.50% the S&P500.
More notable recent Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) news were published by: Theglobeandmail.com which released: “Look to ETFs to hedge against rising rates” on February 11, 2011, also Theglobeandmail.com with their article: “Commission-free ETFs: A big boost for small investors” published on November 19, 2011, Business.Financialpost.com published: “BlackRock dominates in Canadian ETFs” on January 16, 2012. More interesting news about Claymore 1-5 Yr Laddered Corporation Bond Exchange Traded Fund (TSE:CBO) were released by: Theglobeandmail.com and their article: “An early bird that built a comfortable nest” published on February 10, 2012 as well as Theglobeandmail.com‘s news article titled: “In praise of a much maligned investment” with publication date: January 15, 2010.
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