Turnaround

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Turnaround

Securities bought and sold for settlement on the same day. Also describes a firm that has been performing poorly, but changes its financial course and improves its performance.

Turnaround

1. A change in a security's price trend, especially from a downtrend to an uptrend. See also: Reversal.

2. A change in a company's situation from one of losses or low profitability to one with higher profits.

3. To buy a security, then to sell in the same trading day. See also: Day trader.

turnaround

1. The process of moving from a period of losses or low profitability into a more profitable stage. A turnaround may be triggered by a number of factors including a better use of assets or the development of new products and services.
2. A security that is in the process of reversing a declining price trend.
3. The purchase and sale of a security on the same day.
References in periodicals archive ?
There is now a new board of directors overseeing the implementation of the Strategic Turn-around Plan as endorsed by the executive.
The turn-around programme is estimated to result in an additional annual cost reduction of EUR200m from 2008 with operational implementation expenditures of EUR100-150m and capital expenditures of around EUR50m.