04:53:36 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Rona Inc
Symbol RON
Shares Issued 117,992,714
Close 2014-09-05 C$ 14.48
Market Cap C$ 1,708,534,499
Recent Sedar Documents

Globe says Rona director Martin buys 8,000 shares

2014-09-08 06:44 ET - In the News

The Globe and Mail reports in its Saturday, Sept. 6, edition that in June, 2013, Rona ($14.48) said it was restructuring and closing underperforming stores. The Globe's Ted Dixon writes in the Who's Buying and Selling column that on Aug. 12, 2014, Rona announced second quarter results which saw not only net income rise to 35 cents per share from a net loss of $1.19 a year earlier, but also positive same-store sales growth of corporate stores. Following the news, Mr. Dixon notes that director Denise Martin bought 8,000 shares between the prices of $13.90 and $13.93. In addition, Rona has reported spending $8.5-million buying back stock over the past three months. Insider buying is often considered a bullish indicator for a stock. BMO Nesbitt Burns analyst Wayne Hood maintained his "market perform" rating in the Eye column on Oct. 16, 2013. The shares were then worth $12. Canaccord analyst Derek Dley maintained his "hold" rating on Rona in the Eye column on Nov. 14, 2013. The shares were then worth $12.09. CIBC World Markets analyst Mark Petrie maintained a "sector underperformer" rating on Rona in the Eye column on Aug. 14, 2014. Mr. Petrie targeted the shares at $11. The shares could then be had for $12.56.

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