CI Financial Corp (OTCMKTS:CIFAF)’s stock price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $15.84 and last traded at $15.84, 572 shares traded hands during mid-day trading. A decline of 88% from the average session volume of 4,902 shares. The stock had previously closed at $15.69.
Separately, Barclays reissued a “sell” rating on shares of CI Financial in a research report on Monday, August 26th.
The firm’s fifty day simple moving average is $14.66 and its two-hundred day simple moving average is $15.05.
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
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