While there are only two sessions to come in November, the trend is clear and the two big stock market losers of the month in Quebec are Lightspeed and Marché Goodfood.
The action of Lightspeed shows a decline of 43% so far since the beginning of November, while that of the Montreal online grocer shows a decline of 41%.
The titles of Bellus Health (- 22%), Lion (- 21%), Nuvei (- 21%), Colabor Group (- 21%) and 5N More (- 17%) also posted significant declines this month.
Among the winners, besides Sportscene / La Cage whose share exploded after the announcement of an offer to close the capital, let’s underline Uni-Select (+ 37%), Gildan (+ 16%), Opsens (+ 15%), Supremex (+ 14%) and Brault & Martineau (+ 12%).
A member of the board of directors ofCouche-Tard Food has just taken advantage of the stock’s weakness to buy $ 120,000 in shares in the Laval convenience store chain. Eric Boyko on Friday bought a block of 2,500 shares at a unit price of $ 46.99.
As the major Canadian banks unveil their year-end results over the next two weeks and, more importantly, announce their first dividend hikes in over a year, the National Bank lost a recommendation in the last few days. Meny Grauman of Scotia on Tuesday withdrew his purchase suggestion. “Although the results will continue to be strong, the bar to be crossed is high for this title since it is traded at a substantial premium over comparables. ”
Meny Grauman believes that the expansion of the valuation multiple will be limited in the short term during the transition period when Laurent Ferreira settles in to replace Louis Vachon at the helm. They are now only 4 analysts out of 11 to suggest the purchase of the title of the Nationale.
The big boss ofiA Financial Group (Industrial Alliance) has just bought $ 144,000 in shares of the Quebec insurer. Denis Ricard bought a block of 2,000 shares on November 19 at a unit price of $ 72. The same day, the vice-president responsible for information technology, Pierre Miron, bought some for $ 100,000.
An administrator of Knight Therapeutics has just bought nearly $ 900,000 in shares of the Montreal pharmaceutical company. Robert Lande bought 165,000 shares between November 15 and 19. The founder and chairman of the board, Jonathan Goodman, bought some for around $ 300,000 last Monday and Tuesday.
A new leader ofUni-Select bought half a million dollars in shares of the Boucherville auto parts supplier in the past two weeks. Appointed last month as president and chief operating officer of the FinishMaster business unit, Mike Sylvester bought 21,500 shares between November 18 and 24.
Quebec titles from Senvest Capital, National Bank, Richelieu Hardware and Uni-Select all hit a 52-week high in Toronto this week. In contrast, those ofHexo, Saputo, Lassonde, mdf trade and Goodfood Market just hit a low in the last 52 weeks.
Fidelity told the stock market authorities on November 10 that it had sold shares in the Montreal company for $ 3.4 million. Dorel during the session on October 20.