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Stock Weekly: Intact Financial tumbles 7.4% on robust volume

Mar 20, 2020 - News Bites Canadian Markets
Board and Executive Moves-Mergers and Acquisitions

CANADIAN WEEKLY STOCK REPORT

Dateline: Saturday March 21, 2020Intact Financial Corporation Non-Cumulative Class A Shares, Series 5 (TSX:IFC.PR.E), Canada's 6th largest Insurance - property & casualty company by market cap, has sunk CAD1.56 (or 7.4%) in the past week to close at CAD19.55. Compared with the S&P/TSX 60 Index which fell 106.8 points (or 12.9%) in the week, this represented a relative price increase of 5.5%. This has been exacerbated by robust volume of 1.7 times average for th...