Manchester United's stock price drops significantly as takeover saga continues
manchestereveningnews.co.ukManchester United's stock price has dropped by 2.38 per cent on Monday to $23.60 per share. At the beginning of the day, United opened at $24.17.
However, as the day wore on the stock plummeted to as low as $23.54. While it has made a slight recovery to $23.60, it is still a bad day for the Reds' shares on the New York Stock Exchange.
Over the past five days, United's stocks have dropped 3.29 per cent which will be of slight concern to investors. Want to join our MUFC Pro club for a totally ad-free version of the MEN’s Man United app packed with premium features? Click here ALSO READ: United could lose two of their eight dressing room leaders this summer As for what it means for the takeover, it is hard to fully understand.
Precedent suggests a stock price rises when a takeover is on the verge of being completed hence why the figures rose in the past couple of months when reports suggested Sheikh Jassim bin Hamad Al Thani was close to completing a deal.
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