Q: Celestica trades up to 25% of its outstanding shares on a weekly basis and up to 50% some weeks lately. Any thoughts as to the turnover of shares? Could this be hedge funds churning the stock ?
Thx
Thx
5i Research Answer:
Its volume traded has picked up over the past couple of years as its stock has performed well, but per our rough math on a weekly basis it has been trading about 4% of its total outstanding shares.
CLS has about 116M shares outstanding, and the average daily volume in 2025 is about 1M shares. On a 5-day week, that means roughly 5M shares trade out of 116M total outstanding. It is pretty liquid at a $13.5B market cap, and while it has declined significantly alongside the broader market, we continue to like the name.