Vallourec stock plummets after ArcelorMittal stake sale
ArcelorMittal divests 23.9 million Vallourec shares for approximately 667 million dollars, triggering a sharp stock decline.
Published 9sem1 sourceMajorupdated 4j
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667 million dollars
9 million Vallourec shares for approximately 667 million dollars, triggering a sharp stock d…
The fact
This divestment by the steel giant weighs heavily on the French tubing equipment manufacturer's share price.
Despite the drop, some analysts maintain a bullish medium-term outlook, betting on price consolidation.
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