Shares & Derivatives
Why Noble Group stock went down 13.58% today?
By Singapore Stocks Investing (SSI)  •  May 10, 2016
Today, Noble Group stock price went down, south by 13.58% to close at $0.35, which was also the lowest trading price for the day. So what could have caused Noble Group stock closing price today? Well, it could have been due to two factors. First factor would be the sale of 9,177,700 shares in Noble Group for $3.872 million by Franklin Resources, this works out to be around 42.19 cents per share. Second factor would be the underpeformance of China’s stocks today amidst concerns of China’s economy. We know Noble Group’s business has a focus in China too. Noble Group’s closing price today sent the stock down to early March 2016 level before the rally to a high of $0.49 in the latter half of March 2016. The sale of Noble Group stocks by Frankin Resources is really not good for Noble Group stock though ......
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By Singapore Stocks Investing (SSI)
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