Why did Billerud move?
Written after the close on
Billerud fell sharply as Jefferies cut its rating. Over the last five trading days Billerud fell sharply, far more than a slightly lower OMX Stockholm 30, with the weakness concentrated in the latest session. The nomination-committee changes are routine governance housekeeping and unlikely to move the price. Watch the late-October earnings report for the next real test of the shares.
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