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Stock Weekly: Loblaw (L:CAD70.20) put call ratio increases 3.8%, stock decreases

Apr 09, 2021 - News Bites Canadian Markets
Mergers and Acquisitions-Financial Results


Loblaw Companies Limited (TSX:L), Canada's 2nd largest Defensive retailer company by market cap, has decreased 16.0c (or 0.2%) in the past week to close at CAD70.20. Open interest contracts on exchange traded options included 1,460 put contracts and 4,117 call contracts. The put:call ratio was 0.4, up 3.8% for the week. The increase is a bearish indicator. Compared with the S&P/TSX 60 Index which rose 12.5 points (or 1.1%) in the week, this represented a relati...