Renault’s Shares Fell Sharply – Wednesday, May 15, 2019

 

 

(Reuters)

 

Renault’s Shares Fell Sharply On Wednesday, In The Wake Of A Slump In The Stock Price Of Its Japanese Partner Nissan After Nissan Issued A Bleak Earnings Outlook.

 

Renault (PA: RENA) Shares Were Down 2.5 Percent In Early Trading, Making Them Among The Worst Performers On Both The Paris And Broader European Stock Markets.

 

Nissan Forecast A 28% Plunge In Its Annual Operating Profit, Putting It On Course For Its Weakest Earnings In 11 Years And Underscoring Its Struggle To Turn The Page After Former Chairman Carlos Ghosn Was Ousted.

 

 

The Article & News Update Is Edited & Published & Contributed By Alaa Tabib Senior Technical Analyst Gulf Brokers DMCC A Regulated & Licensed Broker by SCA & DGCX & UAE Laws
For Further Services & Or Information, Please Do Not Hesitate To Contact Our Expert Alaa Tabib At DGCX@Gulfbrokers.Ae   
Reuters & CNN & CNBC May Have Contributed To This Article

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