Adidas taken out of Stoxx Europe 50

2022-06-09T16:29:00+01:00

Due to its share price losses by market capitalization in recent months, Adidas shares are expelled from the Stoxx Europe 50 index. According to the so-called “fast entry rule,” the sporting goods company will be replaced by Swiss raw materials and mining group Glencore as of June 20. Adidas’ stock price had fallen 34 percent from the start of the year to a low for the year of €171.20 on May 24. The Stoxx Europe 50 is an index made up of 50 large, listed European companies. It is regarded as one of Europe’s leading barometers.

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