BIT:SPMEnergy Services
Saipem (BIT:SPM) Is Getting More Attention, What Is Behind It?
Index inclusion puts Saipem on more investors’ radar
Saipem (BIT:SPM) has been added to the FTSE All-World Index in USD terms, a move that can draw fresh attention from index trackers and larger institutions that are watching global equity benchmarks.
Recent trading has been lively. Saipem’s share price return is up 4.28% over the past week after a 1.64% move on the day. However, the 30 day and 90 day share price returns are down 3.32% and 4.16%, suggesting short term momentum has cooled,...