After soaring to a high of $1.12 in its recent trading sessions, Noble Group’s stock price has been languishing despite bullish analysis from some analysts. To be fair, the lacklustre performance of Noble Group stock in its recent trading sessions seems to be in line with the overall general sentiment of investors of the broader stock markets. We are in the month of December and it is expected that the stock markets are going to be less of a bustle and hustle (we have seen signs of this). It is also expected that some fund managers have closed off their stock portfolios and are going for their overseas holidays. Being a cyclical commodity trade, Noble Group seems to be the proxy of the overall stocks market and hence are we expecting Noble Group to behave due to the above reasons?
While it seems logical, we must understand that there ......
