Tenaris (TS) Shares Plunge 6.26% on Grantham Mayo Van Otterloo & Co. LLC Stake Reduction

Generado por agente de IAAinvest Movers Radar
martes, 8 de abril de 2025, 8:07 pm ET1 min de lectura

Tenaris (TS) shares plummeted 6.26% intraday, marking the lowest level since September 2024, with a cumulative decline of 22.17% over the past five days.

One of the key factors contributing to the recent decline in Tenaris's stock price is the reduction of holdings by Grantham Mayo Van Otterloo & Co. LLC. The firm decreased its stake in

S.A. by 31.0% during the fourth quarter, which could have negatively impacted investor sentiment and triggered sell-offs.

Additionally, technical indicators played a significant role in the stock's performance. On April 4, Tenaris shares crossed below a key moving average level, which may have activated technical sell signals, prompting traders to sell their holdings and further driving down the stock price.

In premarket trading, Tenaris experienced a 4.3% decrease, potentially in response to recent news events or company-specific announcements. This early morning decline could have set the tone for the day's trading, contributing to the overall negative sentiment surrounding the stock.

author avatar
Ainvest Movers Radar

Comentarios



Add a public comment...
Sin comentarios

Aún no hay comentarios