Why did Elanders rise on 6 October?
Written after the close on
Elanders +2.56%
Elanders rose clearly, tracking a strong market. Elanders rose slightly over the last five trading days while the Stockholm market was roughly flat, so it outperformed a touch; the last session's clear gain came as the wider market also rose clearly, so it moved more than the market. The most likely driver is the analyst commentary published today flagging near-term softness in its Print and Packaging Solutions (PPS) business — the unit that prints and packages goods for other companies — while pointing to better prospects beyond that, which likely helped sentiment. Watch the late-October earnings report for how that PPS softness actually shows up.
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