JD Sports Fashion (JD.L) 21-01-20
Will shares in JD Sports Fashion (JD.L) continue to rally, setting new recent highs?
- Now trading at 851.45p (at time of writing), the price performance has been very strong.
- Will it come to an end, or is this trend your friend?
- Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
- Shares -2% from 12-month highs; +92% from 12 month lows.
01 Oct: JD Sports: competition regulators in the UK have referred their proposed agreement to purchase Footasylum to a thorough investigation. There are concerns that the move could lead to higher prices and reduced competition.
03 Jul: JD Sports announced that it was still in line to produce profit for the year of at least equal to the expectations of the market.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires