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The company saw the price of its U.S.-listed shares dip by over 3% on the day, while the bellwether S&P 500 index crept up to close 0.1% higher. A major surprise in France
After the company published a disappointing revenue update, investors assertively traded out of its stock. At the close of the day's action, it had lost almost 8% of its value.
The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [47] LVMH completed the purchase of Tiffany in January 2021. [48] Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone, [49] with a record of 313 billion euros ($382 billion) as of May ...
The company's share price had eroded by nearly 4% at market close, due in no small part to an analyst's rather assertive price-target cut. ... who reduced his price target on LVMH's Europe-listed ...
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Shares of LVMH fell as much as 8% Wednesday after the luxury goods conglomerate said revenue growth in the third quarter was much slower than in the first half of the year.