Spanish stock alert
CLOSING UPDATE: Pharma Mar keeps sliding: down 5.4% in 3 days 18 January 2018 18:21 CET
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Spanish market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Pharma Mar, Spain's 2nd largest pharmaceuticals company by market capitalisation, extended its slide on Thursday, shedding an additional 6.20c (or 2.3%) to trade at EUR2.58. Trading volume was 1.4 times average at the end of the day. The shares have fallen 14.60c (or 5.4%) over the past three trading days vs. the IBEX 35 Index which has fallen 0.3% in the same period.
Technical indicators complementing today's significant downtrend:
+ The price dropped 2.2% in the last week.
The positive 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Afternoon Alert: Pharma Mar decreases 1.7% - underperforming 81% of stocks
18 January 2018 13:40 CET
Pharma Mar SA (MA:PHM) has decreased 4.60c (or 1.7%) today to trade at EUR2.59 and has underperformed 81% of the market in the past week.
Pharma Mar SA (MA:PHM; MCE:PHM; MC:PHM; SM:PHM)