ConvaTec Group shares slide as FTSE 100 falls

11 articles · Updated · MarketWatch · May 8

The stock dropped 1.82% to £2.05 on Friday, while the FTSE 100 Index fell 0.43% to 10,233.07.
ConvaTec underperformed in a broadly weak London market session and ended the day 34.06% below its 52-week high of £3.11 reached on 5 June.
Trading volume was 5.0 million shares, well below the 50-day average of 12.1 million, indicating relatively light activity during the decline.

With its stock down 34%, is ConvaTec a major value trap or a prime buying opportunity?

Can ConvaTec's growth strategy survive its major US regulatory and reimbursement crises?