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Traxion Sab De Cv Ord Shs GRPOF

Grupo Traxion SAB de CV is a Mexico-based company engaged in the transportation sector. The Company provides logistics services within eight business areas: Fright, including intermodal and multimodal services, door-to-door, national and cross-border distribution, among others; Integrated logistics, including logistics management, aerial and maritime services and custom transportation support services; Warehousing, including dedicated storage, shared warehouses, packing and value-added services, such as labeling and products assembly; Logistics systems, including software for logistics management; Passenger transportation, including transportation of personnel and students; Special services, including rental of bus and vans; Moving, including national and international moving services, and Advertising, including custom transportation services during marketing campaigns. The Company operates through a number of group companies.


PINL:GRPOF - Post by User

Comment by kensteron Jun 21, 2019 1:58pm
141 Views
Post# 29850291

RE:Securities Commision

RE:Securities CommisionAnswer to how stock dropped 20% on only 1.5mil shares traded.20% of float is 37 mil shares.
Sounds like a lot of fluff and great for shorters.

Dear Mr.

 
Any company’s share price is determined by basic market economics namely, supply and demand in the marketplace.  It is driven at least in part by both fundamental and technical analysis and the perception/interpretation of value (or share valuation) by market participants such as investors and speculators, etc.  The share’s price is where the transaction clears and the seller and the buyer agree to exchange ownership. 
 
The size of the share float is an exogenous variable to the pricing mechanism.  In other words it is a ‘given’ (known quantity) at any particular point in time.
 
There are a number of good articles you may find on the internet by doing a search on how a company’s stock price and market capitalization are determined.      
 
Regards, 
 
 
 
 
Harry Apostolatos
Sr. Complaints & Inquiries Specialist
Investment Industry Regulatory Organization of Canada
121 King St. W., Ste. 2000, Toronto, Ontario M5H 3T9
Toll free: 1-877-442-4322  |  Fax:  416-364-0753
investorinquiries@iiroc.ca

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