Why did Rheinmetall move?
Written after the close on
Rheinmetall rose clearly, helped by its Nordic expansion. Over the last five trading days Rheinmetall AG rose slightly, more than both the market and the Industrials sector, which each rose slightly. The likely driver was its Nordic expansion: it opened a new facility in the Nordics and stepped up in Norway with a new factory in Horten, while it postponed its first satellite. Watch next for its earnings report in early November.
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History in plain words, not investment advice.