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Cargojet loses CAD22.3 million (US$17 million) in MCap, steepest heavyweight fall in Transportation & logistics sector November 06, 2018 17:00 EST

Nov 06, 2018 - News Bites Canadian Markets


Cargojet Inc. (TSX:CJT), Canada's 4th largest Transportation & logistics company by market cap, has dropped CAD1.70 (2.1%) from its last trading session of November 05 to close at CAD77.73. Compared with the S&P/TSX 60 Index which rose 4.7 points (0.5%) in the day, the relative price change was -2.7%. The fall was exacerbated by robust volume of 1.4 times the average daily volume of 20,560 shares. It posted the steepest fall in MCap with the most influence on th...