Previous close | 5.75 |
Open | 5.73 |
Bid | 5.84 x 0 |
Ask | 5.84 x 0 |
Day's range | 5.73 - 5.85 |
52-week range | 4.01 - 6.31 |
Volume | |
Avg. volume | 2,190,073 |
Market cap | 5.82B |
Beta (5Y monthly) | 1.28 |
PE ratio (TTM) | 12.65 |
EPS (TTM) | 0.46 |
Earnings date | 01 Aug 2024 |
Forward dividend & yield | 0.20 (3.40%) |
Ex-dividend date | 24 Jun 2024 |
1y target est | 6.50 |
Investing.com -- Milan-listed shares in Pirelli (BIT:PIRC) sank on Thursday after China's state-backed Silk Road Fund reportedly sold off its 9% stake in the Italian premium tiremaker and Executive Vice Chairman Marco Tronchetti Provera raised his holding.
MILAN (Reuters) -Camfin, the second-largest investor in Pirelli, has increased its stake to 22.8% as China's Silk Road Fund sold its 9% interest in the Italian premium tyre maker. Camfin, the vehicle of Italian businessman Marco Tronchetti Provera, said on Thursday it bought a 2.2% stake, strengthening its role as a stable shareholder and reiterating its commitment to supporting the group's industrial projects. Tronchetti Provera, who has led the tyre maker since 1992, is now the executive vice chairman.
MILAN (Reuters) -Italy's Pirelli sees M&A opportunities in new materials and connectivity, its CEO said on Wednesday as the company updated its business plan to 2025, focused on an effort to strengthen its leadership in high-value tyres. Chief Executive Andrea Casaluci told analysts Pirelli could accelerate its M&A strategy in the future. "This is opening up opportunities to increase the percentage of biobased and recycled materials, not only natural rubber".