Why did Yara International stock fall on 9 October?
Written after the close on
Yara International −0.65%
Yara International fell slightly in the last session, likely on profit-taking after its recent run. Over the last five trading days Yara International was roughly unchanged, while Oslo Børs benchmark index was also roughly unchanged, so it moved against the market. The most likely driver was the announcement that third-quarter results will be published on 22 October, which focused attention on the upcoming report. News that Yara is cutting costs and carbon exposure, and a settlement with Molan Steel, may also have played a part. Watch the late-October report for confirmation of the cost and carbon programme.
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