Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CI Financial Corp before investing.

In this article, we go over a few key elements for understanding CI Financial Corp’s stock price such as:

• CI Financial Corp’s current stock price and volume
• Why CI Financial Corp’s stock price changed recently
• Upgrades and downgrades for CIX from analysts
• CIX’s stock price momentum as measured by its relative strength

About CI Financial Corp (CIX)

Before we jump into CI Financial Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. The Company is engaged in the management and distribution of a range of financial products and services, including wealth management, insurance, and others. The Company operates through three segments: Asset Management, Canadian Wealth Management, and U.S. Wealth Management. The Asset Management segment includes CI Global Asset Management, which operates in Canada, and GSFM Pty Ltd., which operates in Australia. The Canadian Wealth Management segment includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, Northwood Family Office, CI Direct Investing and CI Investment Services. The U.S. Wealth Management segment includes Corient Private Wealth LLC, an integrated wealth management company providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients across the United States.

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CI Financial Corp’s Stock Price as of Market Close

As of March 19, 2024, 4:00 PM, CST, CI Financial Corp’s stock price was $35.24.

CI Financial Corp is up 10.68% from its previous closing price of $31.84.

During the last market session, CI Financial Corp’s stock traded between $30.94 and $33.65. Currently, there are 125.88 million shares of CI Financial Corp stock available for purchase.

Unfortunately, CI Financial Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

CI Financial Corp Stock Price History

CI Financial Corp’s (CIX) price is currently up 184.19% so far this month.

During the month of March, CI Financial Corp’s stock price has reached a high of $38.25 and a low of $23.30.

Over the last year, CI Financial Corp has hit prices as high as $13.84 and as low as $8.50. Year to date, CI Financial Corp’s stock is up 252.75%.

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What Caused CI Financial Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 18, 2024, there were 3 analysts who downgraded CI Financial Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate CI Financial Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CI Financial Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CI Financial Corp’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CI Financial Corp (CIX) by visiting AAII Stock Evaluator.

Relative Price Strength of CI Financial Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 18, 2024, CI Financial Corp has a weighted four-quarter relative price strength of 0.81%, which translates to a Momentum Score of 72 and is considered to be Strong.

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CI Financial Corp Stock Price: Bottom Line

As of March 19, 2024, CI Financial Corp’s stock price is $35.24, which is up 10.68% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CI Financial Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.