03:16:36 EDT Thu 01 Oct 2020
SunOpta Inc
Symbol SOY
Shares Issued 88,040,561
Close 2020-07-28 C$ 8.71
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Globe says Facedrive, others may see robust rebound

2020-07-29 08:43 ET - In the News

See In the News (C-FD) Facedrive Inc

The Globe and Mail attempts to identify stocks with the greatest momentum in its Wednesday, July 29, edition. The Globe's guest columnist Andrew Cullivan writes in the Number Cruncher column that momentum investing is the concept of purchasing stocks that exhibit persistent and positive increases in price. During periods of extreme market downturns, positive momentum can be hard to find. Mr. Cullivan, however, says investors can look to momentum during market rebounds to find outsized returns. He studied the effects of momentum in the Canadian market historically and throughout the COVID-19 pandemic. Mr. Cullivan only considered stocks with a market value of more than $500-million and a share price of more than $4 to remove any penny stocks or illiquid names. He created a momentum score to reveal companies with the greatest momentum. The hypothesis is that names that score higher are more likely to outperform the broader market, especially during market rebounds. He considered the 200-day-moving average. A company with a below-average price indicates a stock may be about to rise in order to return to its average. Stocks with positive momentum are Facedrive, SunOpta, Aurora Cannabis, Docebo and Victoria Gold.

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