Italian stock alert
CLOSING UPDATE: Landi Renzo keeps sliding: down 9.2% in 4 days 26 July 2017 19:17 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).
Landi Renzo, Italy's 5th largest automobiles company by market capitalisation, extended its slide on Wednesday, shedding an additional 4.70c (or 4.7%) to trade at 95.30c. Trading volume was 2.2 times average at the end of the day. The shares have fallen 9.70c (or 9.2%) over the past four trading days vs. the FTSE MIB Index which has risen 0.6% in the same period.
Technical indicators complementing today's significant downtrend:
+ The price tumbled 9.2% in the last week.
Landi Renzo today is at a discount of 16.4% to the 12-month high of EUR1.14 on 11 Jul, 2017. It is at a premium of 279.7% to the 12-month low of 25.10c on 28 Nov, 2016.
The positive 0.06 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
The stock has outperformed 97% of the Italian market over the past 6 months.
In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.
The present value of EUR1,000 invested one year ago is EUR2,020 [vs EUR1,292 for the FTSE MIB Index].
Afternoon Alert: Landi Renzo keeps sliding: down 7.7% in 4 days
26 July 2017 14:06 CEST
Landi Renzo (MI:LR) extended its slide on Wednesday, shedding an additional 3.10c (or 3.1%) to trade at 96.90c. Trading volume was 2.0 times average so far today. The shares have fallen 8.10c (or 7.7%) over the past four trading days vs. the FTSE MIB Index which has risen 0.3% in the same period.
CLOSING UPDATE: Landi Renzo accelerates slide, now down 4.8% in 3 days
25 July 2017 19:18 CEST
Landi Renzo, Italy's 5th largest automobiles company by market capitalisation, is down 5.0c (or 4.8%) over the past three trading days. After falling 1% on Friday, and 1% on Monday, the stock fell 2.9% on Tuesday to trade at EUR1.0 vs. the FTSE MIB Index that is up 0.1% in the same period.
Afternoon Alert: Landi Renzo decreases 1.0% - underperforming 93% of stocks
25 July 2017 14:06 CEST
Landi Renzo (MI:LR) has decreased 1.0c (or 1.0%) today to trade at EUR1.02 and has underperformed 93% of the market in the past week.
Landi Renzo (MI:LR; BIT:LR; IM:LR)