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AltaGas cumulative redeemable five-year minimum rate reset preferred shares drops on high volatility March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets


AltaGas Ltd. (TSX:ALA.PR.I) traded between an intraday low of CAD25.55 and a high of CAD25.79. The average daily volatility of 0.5% places the preference stock in the 4th quartile in the market, meaning it is the least volatile. Today its volatility (highest price minus lowest price/lowest price) of 0.9% was 2.0 times the average daily volatility of 0.5%, up from 0.1% on Tuesday and 0.6% on Monday. A fall in the price on high volatility is a bearish signal. The ...