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Stock Weekly: Loblaw put call ratio increases 61.2%, stock sinks 5.2%

Feb 28, 2020 - News Bites Canadian Markets
Financial Results

CANADIAN WEEKLY STOCK REPORT

Dateline: Saturday February 29, 2020Loblaw Companies Limited (TSX:L), Canada's largest Defensive retailer company by market cap, has dropped CAD3.65 (or 5.2%) in the past week to close at CAD66.50. Open interest contracts on exchange traded options included 1,181 put contracts and 1,614 call contracts. The put:call ratio was 0.7, up 61.2% for the week. The increase is a bearish indicator. Compared with the S&P/TSX 60 Index which fell 90.7 points (or 8.5%) in th...