Updated
Updated · MarketWatch · May 7Diageo shares fall 2.21% in weak London market
10 articles · Updated · MarketWatch · May 7
- The stock closed at £15.34 on Thursday as the FTSE 100 dropped 1.55% to 10,276.95.
- Diageo ended 30.74% below its 52-week high of £22.15, reached on 19 May.
- Trading volume was 6.6 million shares, below the 50-day average of 8.2 million, indicating lighter activity during the broader market sell-off.
Why did Diageo's stock plunge despite beating its quarterly sales expectations? Is Diageo's exit from African breweries a smart pivot or a retreat from future growth?