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Bullboard - Stock Discussion Forum Fortis Inc T.FTS

Alternate Symbol(s):  FRTSF | FTRSF | FTS | FORFF | FTPSF | T.FTS.P.F | T.FTS.P.G | T.FTS.P.H | T.FTS.P.I | T.FTS.P.J | T.FTS.P.K | T.FTS.P.M

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. The Company's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC... see more

TSX:FTS - Post Discussion

Fortis Inc > Rapid Changes....
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Post by guelph1 on Jul 18, 2023 6:04pm

Rapid Changes....

Does anyone have any insight as the significant daily changes of this stock, it's a utility and thus is usually semi-immune to these kind of fluctuations. I notice the short positions holding steadily.  Appreciate some insight............
Comment by SargeX on Jul 19, 2023 1:42pm
I've also been noticing the recent wild swings. We've held since Aug, 2018 and I can;t recall anything like this for FTS. As an aside, we've decided to eventually move on from FTS and have put some of the dough into our other holdings (which all have a higher yield) and kept some extra cash.  I think we're done for this year in order to spread the capital gains across three ...more  
Comment by Dibah420 on Aug 01, 2023 8:25am
There is probably no single answer.  Here are some thoughts.  Markets of late have been notably flighty with aggressive hedge funds, short term money and algos chasing the latest fads/hopes/sector etc.  It could be anything, take your pick: crypto, FAANGS, NFTs, energy, gold, lithium, China, Europe, AI  etc. These change on a dime and on a given day the pundits could be hyping ...more