Manchester United share price dips to lowest in a week amid takeover uncertainty
manchestereveningnews.co.ukManchester United’s share price dipped to $21.82 on Monday, the lowest in a week, before rebounding again. The club’s price rose back up to $22.35 on the New York Stock Exchange at the end of trading hours, although it still dropped 1.11% from Friday’s $22.60 closing level.
United’s share price has somewhat sunk in the last few days. After the valuation rose to a three-month high of $24.81 eleven days ago amid reports that Sheikh Jassim was nearing exclusivity talks in the takeover race, the share price has been slowly drifting off again.
There was a small resurgence last Thursday, perhaps due to rumours that Sir Jim Ratcliffe was ‘less confident’ in a buy-out.
But Monday’s figures saw a 5% decrease in value across the last seven days. ALSO READ: Manchester United takeover 'circus' must end, says Evra That said United’s share price is still up by 96.40% from this time last year, the mass increase sparked by November’s statement that the board was exploring “strategic alternatives”.
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