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What drives Air Canada's stock price?

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Old Oct 1, 2018, 5:49 pm
  #346  
 
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AC stock down over 5% today; one of the only ones in my portfolio that traded negative today, as most were up on the positive news of the new NAFTA deal.

Anyone care to speculate what caused a single day drop of over 5% today? Seems a little odd, no?
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Old Oct 1, 2018, 6:32 pm
  #347  
 
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Originally Posted by YYC009
AC stock down over 5% today; one of the only ones in my portfolio that traded negative today, as most were up on the positive news of the new NAFTA deal.

Anyone care to speculate what caused a single day drop of over 5% today? Seems a little odd, no?
A group of people clearly knew today something we will find out tomorrow. I’m sure they used the info wisely though, and didn’t for a moment consider trading based on advanced knowledge of something like say...quarterly results.
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Old Oct 1, 2018, 6:51 pm
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Originally Posted by YYC009
AC stock down over 5% today; one of the only ones in my portfolio that traded negative today, as most were up on the positive news of the new NAFTA deal.

Anyone care to speculate what caused a single day drop of over 5% today? Seems a little odd, no?
or simply Ryan Air
Many airlines are down "bigly" today after that news, despite new NAFTA deal cheering
Glad I sold most of my AC above $27-$28, will re-buy soon at this rate

Many tech names are -5% on no news either, while weed/MJ stocks go up on no news
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Old Oct 1, 2018, 6:52 pm
  #349  
 
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Third quarter results don't come out until the end of the month (October 31).
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Old Oct 1, 2018, 7:00 pm
  #350  
 
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US pressure on Canadian protectionism in a protective sector.
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Old Oct 1, 2018, 7:05 pm
  #351  
 
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Originally Posted by YYC009
Third quarter results don't come out until the end of the month (October 31).
I work for a large publicly traded company and don’t believe for even one second that there aren’t dozens of people within my corporation who have detailed knowledge of what the Q3 results will be when they become “public”.
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Old Oct 1, 2018, 8:21 pm
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Originally Posted by WaytoomuchEurope
I work for a large publicly traded company and don’t believe for even one second that there aren’t dozens of people within my corporation who have detailed knowledge of what the Q3 results will be when they become “public”.
I hope you are not suggesting that there is some sort of insider trading or similar...
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Old Oct 2, 2018, 11:26 pm
  #353  
 
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It was another RED day for AC (entire market dropped big though), I added some at $25.2

​​​​​​​https://www.theglobeandmail.com/inve...s/stocks/AC-T/
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Old Oct 3, 2018, 7:39 pm
  #354  
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Surprise, surprise...

might this have something to do with prospects for entire airline industry when crude at 4 year high

https://www.google.ca/amp/s/www.cnbc...-in-focus.html
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Old Oct 3, 2018, 8:20 pm
  #355  
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Maybe Ben Smith knew what he was doing when he left?

BTW one hears his meeting with unions yesterday wnet quite well. Even though he spoke English and they answered in French. Or maybe that's why?
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Old Oct 3, 2018, 8:50 pm
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Originally Posted by Stranger
Maybe Ben Smith knew what he was doing when he left?

BTW one hears his meeting with unions yesterday wnet quite well. Even though he spoke English and they answered in French. Or maybe that's why?
???
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Old Oct 24, 2018, 7:40 pm
  #357  
 
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It only took less than a month
AC is now below $23 and my buy order filled
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Old Nov 15, 2018, 6:14 pm
  #358  
 
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AC should be considering putting in an oil price hedge after this sudden drop in prices .
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Old Nov 30, 2018, 8:45 am
  #359  
 
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Shares hitting an all time high this morning... $29.26 at last quote.
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Old Mar 7, 2019, 11:39 am
  #360  
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https://www.fool.ca/2019/03/07/why-a...00-in-7-years/

Why Air Canada (TSX:AC) Stock Is up Almost 4,000% in 7 Years
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