Morning rumors about MSC's takeover of EasyJet are increasing volatility in the company's shares.
Morning rumors about MSC's takeover of EasyJet are increasing volatility in the company's shares.
Shares of EasyJet (EZJ.UK) rose as much as 11.5% today following Italian media reports of potential takeover interest from shipping company MSC. However, as Tuesday's session progressed, these gains weakened, and the gain is now "only" 2%. This is because a spokesperson for Mediterranean Shipping Company stated in an emailed statement to Reuters that "MSC denies any involvement in this matter," which seems to dispel the validity of the gains observed this morning. Importantly, however, the airline itself has not communicated the media reports on this matter.
EasyJet (EZJ.UK) shares, after initially gaining as much as 10%, have retraced almost 80% of their gains and are currently falling below the 200-period exponential moving average (golden line on the chart), which has been a key resistance point on the chart since August. Source: xStation
Ericsson surprises with results. Shares rise following new Vodafone deal
Michelin cuts its 2025 forecasts, shares plunge!
Goldman Sachs boosts sentiment on Estée Lauder shares 💡
US OPEN: "Green" Start to the Week on Wall Street
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
