Cannabis retailer SNDL announces renewal of share repurchase program
SNDL renews share repurchase program, authorizing up to C100 million buyback of common shares at prevailing market prices.
Read at seekingalpha.com
IMedia Brands Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IMedia Brands pink sheet to make a market-neutral strategy. Peer analysis of IMedia Brands could also be used in its relative valuation, which is a method of valuing IMedia Brands by comparing valuation metrics with similar companies.
Peers
IMedia Brands Related Equities
PRKS | United Parks | 2.81 | ||||
ASO | Academy Sports | 2.66 | ||||
XPOF | Xponential Fitness | 1.71 | ||||
EMR | Emerson Electric | 0.88 | ||||
OLED | Universal Display | 0.66 | ||||
PYTCF | Playtech Plc | 0.00 | ||||
CNLFF | Canlan Ice | 0.00 | ||||
ECG | Everus Construction | 1.19 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Other Consideration for investing in IMedia Pink Sheet
If you are still planning to invest in IMedia Brands check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the IMedia Brands' history and understand the potential risks before investing.
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