Canadian Tire (OTCMKTS:CDNAF) Shares Up 11.4% – Should You Buy?

Canadian Tire Co., Limited (OTCMKTS:CDNAF – Get Free Report) shares rose 11.4% during mid-day trading on Monday . The stock traded as high as $126.28 and last traded at $126.28. Approximately 27 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 17,383 shares. The stock had previously closed at $113.40.

Canadian Tire Stock Performance

The company’s 50-day moving average is $121.44 and its 200 day moving average is $125.32.

Canadian Tire Company Profile

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Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.

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