Updated
Updated · MarketWatch · May 6Rio Tinto shares hit new 52-week high
11 articles · Updated · MarketWatch · May 6
- The stock rose 4.65% to £77.20 on Wednesday, beating its previous £75.75 peak set on 8 April.
- The gain outpaced a broader UK market rally, with the FTSE 100 Index up 2.15% to 10,438.66.
- Trading volume was 2.0 million shares, below the 50-day average of 3.0 million, indicating the record came on lighter-than-usual turnover.
Rio Tinto's stock is at a record high, but analysts are skeptical. Is the market overvaluing its pivot to green metals? As Rio Tinto pivots to green metals, can it navigate geopolitical risks to become a leader in the new energy economy?