Q: I am surprised about the recent weakness in CPX shares. ( Down almost another 3% today.)
Are you aware of anything that could account for this recent weakness?
And would you recommend holding or selling the shares? With your rationale please.
Thx
John
Are you aware of anything that could account for this recent weakness?
And would you recommend holding or selling the shares? With your rationale please.
Thx
John
5i Research Answer:
There is no recent news. CIBC raised its target on the stock last week. Shares are up 9% YTD and up 40% in a year. Interest rate and inflation sentiment is likely the cause of weakness in the short term. With the Iran War, the likelihood of lower rates has diminished somewhat.