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CN, Lightspeed, National at 52-Week Highs on News

Baystreet.ca
·2 min read

Canadian National Railway Company (T.CNR) hit a new 52-week high of $153.86 on Wednesday. The Surface Transportation Board (STB) wouldn’t support its Kansas City Southern (NYSE:KSU) deal. Meanwhile, the support of its rival Canadian Pacific Railway (TSX:CP) (NYSE:CP) fell about 5% from the news. The STB came out against the deal between CNR stock and KSU, as it doesn’t believe it has the voting trust that would see the deal go through. CNR stock had tried to get around some of the regulatory issues raised by the STB by forming this voting trust, offering to payout KSU shareholders before the deal was even approved. The STB further stated that the deal would "raise risks that threaten to undermine the public interests the board considers."

Lightspeed Commerce Inc. (T.LSPD) hit a new 52-week high of $143.58 on Wednesday. Lightspeed has been touted by the Motley Fools as “among the top picks for investors looking for high growth. The stock has delivered sky-high returns in the past and has created a lot of wealth for its investors. Notably, Lightspeed stock gained 641% since it was listed on the TSX and is up about 204% in one year, benefitting from the solid demand for its commerce-enabling platform.

National Bank of Canada (T.NA) hit a new 52-week high of $99.81 on Wednesday. National Bank today announced the appointment of Michael Denham to the newly created position of Vice-Chairman, Commercial Banking and Financial Markets. He will join the Bank on September 7 . As part of his mandate, Mr. Denham will contribute to the success of businesses of all sizes in Canada . He will also act as a strategic advisor to management.

Aritzia Inc. (T.ATZ) hit a new 52-week high of $41.18 on Wednesday. No news stories available today

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Bombardier Inc. (T.BBD.B) hit a new 52-week high of $1.92 on Wednesday. No news stories available today

Firm Capital Property Trust (V.FCD.UN) hit a new 52-week high of $7.36 on Wednesday. No news stories available today

NanoXplore Inc. (T.GRA) hit a new 52-week high of $5.90 on Wednesday. No news stories available today

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Gensource Potash Corporation (V.GSP) hit a new 52-week high of 27.5 cents on Wednesday. No news stories available today

InnoCan Pharma Corporation (C.INNO) hit a new 52-week high of 61 cents on Wednesday. No news stories available today

Kneat.com Inc. (V.KSI) hit a new 52-week high of $4.55 on Wednesday. No news stories available today

Shaw Communications Inc. (T.SJR.B) hit a new 52-week high of $37.31 on Wednesday. No news stories available today