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Updated · MarketWatch · May 6Persimmon shares rally 4.61% and outperform FTSE 100
14 articles · Updated · MarketWatch · May 6
- The stock closed at £11.00 on Wednesday as the FTSE 100 rose 2.15% to 10,438.66 in a broadly positive London session.
- Despite the gain, Persimmon remains 29.12% below its 52-week high of £15.52 reached on 18 February.
- Trading volume was 2.1 million shares, below the 50-day average of 2.8 million, indicating the advance came on lighter-than-usual turnover.
Will Persimmon's focus on cheaper homes shield it from the UK's looming mortgage affordability crisis? Despite a stock rally, are UK housebuilders headed for a downturn amid rising inflation and interest rates?