The close: TSX posts biggest gain in 15 months as ‘dip buying’ boosts tech shares [Toronto Globe and Mail (Ontario, Canada)]
Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD)
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Source: Toronto Globe and Mail
Canada’s main stock index rebounded from a one-year low on Friday, led by sharp gains for energy and beaten-down technology stocks, but the market still added to its weekly losing streak. The Toronto Stock Exchange’s S&P/TSX composite index ended up 400.76 points, or 2%, at 20,099.81, its biggest gain since February 2021. A global rally in technology stocks helped drive the market higher, said Jules Boudreau, economist at Mackenzie Investments “Growth stocks in general around the world are around levels where you would expect some dip buying to come in,” Boudreau said. Wall Street also rallied, ending a week of wild market gyrations marked by signs of peaking inflation and worries that the Federal Reserve might tighten policy too aggressively. The Toronto market’s technology sector rose 6%. It was helped by a 31.3% jump in the shares of Lightspeed Commerce Inc and a gain of 12.4% for e-commerce giant Shopify Inc . Energy ended 3.9% higher as oil prices climbed. U.S. crude oil futures
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- Lightspeed Commerce Inc. (NYSE: LSPD) had its price target lowered by analysts at National Bankshares, Inc. from $20.00 to $15.00. They now have a "sector perform" rating on the stock.MarketBeat
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- Lightspeed Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results Conference CallPR Newswire
LSPD
Sec Filings
- 4/11/24 - Form 6-K
- 4/3/24 - Form 6-K
- 3/11/24 - Form 144
- LSPD's page on the SEC website