A Reversal for TransAlta Corporation Is Not Near. The Stock Declines Again

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The stock of TransAlta Corporation (TSE:TA) is a huge mover today! The stock decreased 7.45% or $0.35 on December 8, hitting $4.35. About 2.39 million shares traded hands or 40.59% up from the average. TransAlta Corporation (TSE:TA) has declined 60.00% since May 5, 2015 and is downtrending. It has underperformed by 59.41% the S&P500.
The move comes after 8 months negative chart setup for the $1.24B company. It was reported on Dec, 8 by Barchart.com. We have $4.13 PT which if reached, will make TSE:TA worth $62.00M less.

TransAlta Corporation is engaged in the production and sale of electric energy. The company has a market cap of $1.24 billion. The Firm is organized into three business divisions: Generation, Energy Marketing and Corporate. It has 6.8 P/E ratio. The Generation segment is responsible for constructing, operating and maintaining the Company’s electricity generation, as well as the operation and maintenance of its related mining activities in Canada.

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