Admiral Group shares slide 2.79% in rough market session

6 articles · Updated · MarketWatch · May 7

The stock closed at £31.65 on Thursday as the FTSE 100 fell 1.55% to 10,276.95.
Admiral underperformed the broader market and finished 14.13% below its 52-week high of £36.86 reached on 21 August.
Trading volume was 1.2 million shares, above the 50-day average of 939,837, indicating heavier-than-usual activity during the sell-off.

Why did Admiral's stock plummet and its dividend get cut on the day it announced record-breaking profits?

With analysts downgrading the stock, is Admiral’s new AI strategy enough to overcome rising market pressures?