Black Monday (2020)
https://es.wikipedia.org/wiki/Black_Monday_(2020)
Black Monday (known as black Monday in Spanish) was a stock market crash in the global market that occurred on March 9, 2020, during the stock market crash of 2020.1 Markets opened with the lowest percentage, preceded by two weeks of considerable falls. Global stock markets suffered the biggest drop since 2008, during the Great Recession.2 Notable causes included a combination of the COVID-19 outbreak and the oil price war between Russia and Saudi Arabia.2 3
In the United States, a circuit breaker was activated after stocks fell sharply, halting trading for fifteen minutes.4 The FTSE 100 Index opened 560 points (8.6%) lower at 5920.1 Indices in Asia, Continental Europe and the United States also fell by various percentages on the same day.
Meliá and IAG's stock market nightmare is over: managers advise buying
Meliá Hotels and IAG's stock market nightmare has ended and the managers advise buying their shares. The announcements of the vaccines against the Covid have supposed a floor for the quotation of both values, and despite the great rebound of the last days, analysts anticipate upward potential during 2021. This Monday, they rebound again due to the good news about the vaccine by AstraZeneca.
This is the case of Bankinter, which has raised the valuation of Meliá Hotels by no less than 62%, to 5.41 euros per share. The titles of the mallorquina hotel chain plummeted to 2.51 euros during the worst moments of the pandemic, but have rebounded strongly in November, from the 3.18 euros zone to the current 4.75 euros. However, they are trading well below their annual maximum of 8.40 euros per share.
No comments:
Post a Comment