XTRA:ADSLuxury
Is There Now an Opportunity in Adidas (XTRA:ADS) After Recent Share Price Weakness
If you are wondering whether adidas at €137.80 is starting to look like value or still has more room to fall, the key is to understand what the current share price actually implies.
The stock has returned 2.1% over the last 7 days, while returns over 30 days, year to date and the last year sit at a 1.6% decline, 17.7% decline and 29.0% decline respectively. This raises questions about whether sentiment has shifted more than the underlying business.
Recent coverage has focused on adidas as a...