Bank of Montreal Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 40 (BMO.PR.C)

Bank of Montreal Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 40 (BMO.PR.C $25.01)
- $25.01 P/E (TTM): 36.27X
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Bank of Montreal Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 40 (BMO.PR.C $25.01)
- $25.01 P/E (TTM): 36.27X
- View BMO.PR.C Profile
- View Questions on BMO.PR.C

Q: Hello
BMO.PR.C jumped today 8%. All other preferred shares jumped around 2-3%. CPD around 2.5%.

Do you know why BMO.PR.C jumped so much (8%). The volume of BMO.PR.C also jumped at 83,000 shares compare to the daily average of around 5,000. I own these shares and I would like to know if there is an explanation?
Thanks

Read Answer Asked by Terry on July 16, 2020