Price December 9, 2022 key price action

Frankfurt, December 9 – The stock ticker follows major price movements in international financial markets and their causes:

6:40 p.m. – Analyst praise for the new ad-supported subscription on netflix pushes the stock to an eight-month high. The US streaming service jumped 5.5% to $327.42. “After a decline in subscribers and growth in revenue, Netflix is ​​now using all the arrows in its quiver,” write experts from the American bank Wells Fargo. Netflix, after much hesitation, is offering an ad-supported subscription with lower monthly fees starting in early November. It also introduces fees for customers who want to share their Netflix subscription with people outside their own household.

5:40 p.m. – Investors seek quarterly stock figures for US software company DocuSign at. The papers of the digital signature specialist jumped 13.9% to 9.83 dollars. The company reported quarterly sales above analysts’ expectations after the market closed on Thursday. Experts at US investment bank Piper write that there are “signs of stabilization” at DocuSign.

2:50 p.m. – A downgrade in the rating of the American investment bank JP Morgan (JPM) sends world line on the descent. The French payment processor’s papers fell as much as 5.4% to 40.41 euros, putting them last in the Parisian CAC 40.FCHI index. JPM analysts upgraded the shares to Neutral from a previously overweight position. The group will therefore find it difficult to maintain the double-digit growth of its dealer services division in 2023. The reason for this is, among other things, the economic slowdown in Germany, Worldline’s largest market.

10:20 a.m. – Unicredit move to the top of the Milan index winners with an increase of 1.5% to 12.73 euros. Analysts at investment bank Jefferies see reason for optimism after a series of meetings between management and investors in New York and Boston last week. The bank’s management was crystal clear on cost and capital efficiency and had a “confident message to achieve performance and commission targets”.

09:50 – It quickly plummets after takeover fantasies burst Pendragon. Shares of Britain’s second-biggest car dealer fell more than 28% to 20.30 pence and are heading for their biggest one-day loss in fourteen years. The group of car dealers Hedin Mobility, present throughout Europe, has given up its plan to take over the British company completely at a price of 29 pence per share. The major shareholder, who already owns about 28% of Pendragon shares, cited the difficult market environment and uncertain economic outlook as reasons.

9:30 a.m. – Worries about demand and price-supporting speculation of a supply shortage are currently in balance in oil markets. North Sea Brent crude and US light oil WTI are each up 0.2% at $76.21 and $71.55 a barrel. On a weekly basis, contracts are heading lower as gloomy economic growth prospects weigh on the world.

Major price movements of December 9, 2022

Source: Reuters

Photo symbol: Image by geralt on Pixabay

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