Thomson Reuters Corp. Hits Day High with 10.1% Surge in Stock Price

Thomson Reuters Corp. has experienced a significant surge today, with the stock climbing 10.1% and reaching an intraday high of CAD 138.14. This performance stands in stark contrast to the S&P/TSX 60, which saw a modest increase of 0.51% on the same day. Over the past week, Thomson Reuters has shown a robust gain of 15.79%, further highlighting its recent upward momentum. Despite this positive short-term performance, the stock has faced challenges over longer periods. In the last month, it has declined by 19.62%, and its year-to-date performance reflects a decrease of 24.96%. Additionally, the stock has underperformed the S&P/TSX 60 over the past year, with a notable drop of 46.94%. Thomson Reuters operates within the Computers - Software & Consulting industry and boasts a market capitalization of CAD 79,077 million. The company currently has a price-to-earnings ratio of 44.00 and a return on equity of 14.20%. As the stock continues to navigate these fluctuations, its recent high marks a noteworthy moment in its trading activity.