Italian stock alert
CLOSING UPDATE: Saipem keeps sliding: down 4.8% in 4 days 21 July 2017 19:18 CEST
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its slide on Friday, shedding an additional 3.0c (or 0.9%) to trade at EUR3.36. Trading volume was 45% of average at the end of the day.
Technical indicators complementing today's significant downtrend:
+ The negative 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The stock has underperformed 99% of the Italian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week low thrice.
+ The price sank 4.0% in the last week.
Saipem today is at a discount of 42.1% to the 12-month high of EUR5.80 on 03 Jan, 2017. It is at a premium of 6.7% to the 12-month low of EUR3.15 on 19 Jun, 2017.
Afternoon Alert: Saipem keeps sliding: down 4.2% in 4 days
21 July 2017 14:06 CEST
Saipem (MI:SPM) extended its slide on Friday, shedding an additional 1.0c (or 0.3%) to trade at EUR3.38. Trading volume was 48% of average so far today.
CLOSING UPDATE: Saipem keeps sliding: down 4.0% in 3 days
20 July 2017 19:18 CEST
Saipem, Italy's 2nd largest oil & gas company by market capitalisation, extended its slide on Thursday, shedding an additional 1.0c (or 0.3%) to trade at EUR3.39. Trading volume was 46% of average at the end of the day. The shares have fallen 14.0c (or 4.0%) over the past three trading days vs. the FTSE MIB Index which has fallen 0.2% in the same period.
Afternoon Alert: Saipem increases 0.9%, leads market higher
20 July 2017 14:06 CEST
Saipem (MI:SPM) has increased 0.9% to trade at EUR3.43 vs. the FTSE MIB Index which strengthened 39.8 points (or 0.2%) to 21,518.8. Representing a weighting of about 7.7% of the index, the stock accounted for 35.7% of today's gain. The shares have outperformed 81% of the market in the past month. Trading volume was 52% of average so far today.
Saipem (MI:SPM; BIT:SPM; IM:SPM)