Updated
Updated · MarketWatch · May 7BAE Systems shares fall 4.68% in market downturn
10 articles · Updated · MarketWatch · May 7
- The stock closed at £19.92 on Thursday as the FTSE 100 fell 1.55% to 10,276.95 in a broadly weak London session.
- BAE underperformed the wider market and finished 15.60% below its 52-week high of £23.60, reached on 18 March.
- Trading volume was 5.2 million shares, below the 50-day average of 7.7 million, indicating lighter activity during the sell-off.
Why did BAE's stock plunge despite the company confirming strong growth and a record-breaking order book? Can BAE's record backlog shield it from a global recession triggered by the escalating Middle East conflict? With defence spending soaring, is the market downturn a golden opportunity to invest in Europe’s top defence contractor?