A European Starlink rival's shares skyrocketed 390% in a week — here's why
Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.
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congratulations i don't think a European stock has ever done this
Normally I associate such price swings with wild speculation and am genuinely surprised with this considering the generally more prevalent conservatism in European financial markets, but perhaps it's true that the (time of reading) 550% jump in value is all accurate pricing in of future contracts at this point.
I'm definitely excited to see.
it was like 1.20€ per share, so investors don't really had much to lose. that plays a big part IMO. if you're only losing a few bucks worst case, the risk isn't a problem.
While price does negatively (with few outliers) correlate with volatility in the stock market, this seems like more than that. 22M volume on the 5th is more than the stock has seen... ever, as far as I can see, with an overwhelming majority being held by insiders or institutions. The bet appears to be larger than a few bucks, from people who I presume expect big things.
