Avient Corp Stock Price Up 3.26 percent on Nov 6
Shares of Avient Corp surged 3.26 percent in mid-day trading on Nov 6. The stock reached an intraday high of 48.22, before settling at 48.19, up from its
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Codiak BioSciences 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 Codiak BioSciences pink sheet to make a market-neutral strategy. Peer analysis of Codiak BioSciences could also be used in its relative valuation, which is a method of valuing Codiak BioSciences by comparing valuation metrics with similar companies.
Peers
Codiak BioSciences Related Equities
| ABEV | Ambev SA | 5.48 | ||||
| RBC | RBC Bearings | 1.73 | ||||
| SHOO | Steven Madden | 0.37 | ||||
| TKR | Timken | 0.40 | ||||
| NWL | Newell Brands | 0.51 | ||||
| DEO | Diageo PLC | 0.61 | ||||
| CHD | Church Dwight | 1.15 | ||||
| OTLY | Oatly Group | 2.78 |
Check out Trending Equities 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 industry. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Other Consideration for investing in Codiak Pink Sheet
If you are still planning to invest in Codiak BioSciences 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 Codiak BioSciences' history and understand the potential risks before investing.
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