Pandora Slides, Orsted Down, Glencore Up
On this episode of Stock Movers:
- Pandora falls as much as 14%, the steepest drop since April, after the Danish maker of charm jewelry reported weaker-than-expected second-quarter revenue. Current trading news also disappointed analysts, triggering concerns as to whether the company will reach consensus expectations in the third quarter.
- Orsted was downgraded to the lowest tier of investment grade by S&P Global Ratings on increasing risks to its US offshore wind business as the Trump Administration moves to halt the sector’s development.
- European metals and mining stocks may move on Friday after a slew of negative data from China showed a slowdown across the country’s economy last month.
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