Its a new month and traders are looking towards the summer.
While the TSX is closed today for Canada day, traders will be watching two of the most volatile
Toronto stocks heading into next week.
Yellow Media (YLO:TSX) has been on steady decline, the 52wk range has been from $6.46 to this weeks low of $2.04. The last trade was at $2.40 on above average volume of 9.3M shares which puts it at a market cap of $1.2B. Investors may be looking for some value in the stock in the $2 range.
Yellow Media Inc., formerly YPG Holdings Inc, is a media and marketing solutions company through its network of companies that include Yellow Pages Group (YPG), Trader Corporation (Trader) and Canpages Inc. (Canpages). YPG is Canada’s media and marketing solutions company, serving Canadian businesses and consumers nationwide.
Sino Forrest (TRE:TSX) has been one of the biggest decliners after the Muddy Waters report came out, but the stock is seeing a rebound off its lows after renewed investor interest in recent sessions.
Sino-Forest Corporation (Sino-Forest) is a commercial forest plantation operator in the People Republic of China (PRC). As of December 31, 2009, Sino-Forest had approximately 512,700 hectares of forest plantations located primarily in southern and eastern China.