Collapse of Pirelli, record,
Monday to forget for the title of Bicocca. Pirelli is losing 7.7% by the action is “landed” at odds of 1.63 euros. Volumes record: almost 34 million units exchanged for a daily average of 9.2 million. The results announced last Friday and report negative UBS are pushing investors to sell the title. “There are very heavy selling orders from overseas,” says one trader. “From the famous day when the title has passed within the same session from +4 to -3% have seen many hedge funds for sale: it is thought that Pirelli is a bit ‘too expensive because there is always the dilemma of consolidation in the financial statements of Olivetti, Pirelli.
