Healthcare of Ontario Pension Plan Trust Fund Sells 145,400 Shares of Telos Co.
September 12, 2022
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The Healthcare of Ontario Pension Plan Trust Fund has sold 145,400 shares of Telos($NASDAQ:TLS) Corporation, a provider of critical infrastructure solutions for the U.S. federal government. It is unknown at this time how this sale will affect Telos’ market value and earnings in the long term.
Market Price
TELOS stock opened at $10.50 and closed at $10.90, a 5.5% increase from the previous closing price of $10.30. This move by the Trust Fund signals confidence in Telos as a long-term investment.
VI Analysis
Telos Corporation is a technology company that provides information technology solutions to the federal government. Telos has a long history of providing innovative solutions to the US government, and its fundamentals reflect its long term potential.
However, Telos is a medium risk investment in terms of financial and business aspects, and there are potential risks in both areas.
For more details please visit Risk Rating.
Summary
This may be due to the fact that the shares were sold at a price above the current market value, indicating that the trust fund believes that the stock is undervalued. This move may also signal to other investors that Telos Corporation is a good investment opportunity.
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