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After recent price fall, trade Thomson Reuters shares 'with caution', investors told
Monday 15 June 2015
Thomson Reuters shares lost 1.42 per cent of their value on the New York Stock Exchange (photo) last week and have dropped 5.05 per cent in the last four weeks.
They are only marginally negative, however, compared with the S&P 500 for the past week which has lost of 1.48 per cent, American Trade Journal reported.
It said TRI stock had underperformed the index by 3.75 per cent in the last four weeks, and added: “Investors should watch out for further signals and trade with caution.”
The online publication said Thomson Reuters shares have rallied 9.76 per cent in the past 52 weeks. They registered a one-year high of $42.64 on 15 April 2015 and a one-year low of $34.88 on 16 October 2014. The 50-day moving average is $40.33 and the 200-day moving average is $40.02. S&P 500 has rallied 8.07% during the last 52-weeks.
Amid volatile trading on Friday, the shares closed down 0.48 points or 1.22 per cent at $38.90.
American Trade Journal said 55.03 per cent of the shares are held by "company insiders" - chiefly chairman David Thomson and his family through their holding company Woodbridge - and 35.5 per cent are held by institutional investors. ■
- SOURCE
- American Trade Journal
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