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Updated · MarketWatch · May 7Vodafone Group shares slide 1.90% in rough market session
6 articles · Updated · MarketWatch · May 7
- The stock closed at £1.16 on Thursday as the FTSE 100 fell 1.55% to 10,276.95.
- Vodafone underperformed the broader market and finished 4.09% below its 52-week high of £1.21 reached on 18 February.
- Trading volume was 51.7 million shares, below the 50-day average of 65.2 million, indicating lighter-than-usual activity during the decline.
After a 60% stock surge, analysts are deeply divided. Is Vodafone's turnaround strategy sustainable or is a major correction overdue? Vodafone is betting billions on UK dominance. Can this bold move succeed amid a faltering economy and volatile global markets?