Gucci owner's stock plummets

Source: Dukascopy Bank SA


On Wednesday, the stock price of Gucci brand owner Kering plummeted by 8.61% at the European market open due to the company reporting lower than forecast earnings and a lag behind its competition.

In the meantime, note that the earnings announcement just extended a prolonged decline of the company's stock price. The stock has lost 16.19% since November 11, when the price had just recovered to pre-coronavirus levels.

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