From Motley TFS Corporation Limited (ASX: TFC) lost 7.5% to...

From Motley

TFS Corporation Limited (ASX: TFC) lost 7.5% to $1.29 on no news today as an unusually high number of shares changed hands. 3.7 million shares were exchanged, compared to volume of 300,000 – 1  million shares on a normal day in the past couple of months.

The volume was high enough for the company to receive a price query from the ASX, to which TFS replied that it had no information to explain the trading in its securities. TFS reaffirmed its 2016 guidance for a 5%-10% increase in its Cash Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA).

Interested investors should check TFS announcements over the coming week or so to see if any major shareholders have been selling down.