What Shares Were Popular Last Week? Argo Blockchain, Tesla, BP & More
Investing.com | Jun 27, 2021 15:43
Here is a list of companies that were popular on the site in the latest week.
h2 Argo Blockchain/h2London-listed cryptocurrency miner Argo Blockchain (LON:ARB) was in focus after the price of Bitcoin and other cryptocurrencies had a volatile week. Bitcoin started the week on the backfoot, dropping below $30,000 for the first time since January before rebounding to trade around $33,000 at pixel time. Argo Blockchain shares were equally volatile, after closing last week at 141.6p, shares dropped 6% on Monday and hit a low of 110.0p on Tuesday. Shares rebounded alongside the price of Bitcoin to close the week at 130.20p.
Tesla (NASDAQ:TSLA) shares were in focus, as they often are with traders focussing on Biden’s infrastructure plan and what that might mean for electric vehicles. $15bln was earmarked to improve infrastructure but an overhaul of the EV incentives wasn’t forthcoming. Shares opened the week at $624.48 before rising on Wednesday and Thursday. Shares closed Friday at $671.87.
BP (LON:BP) shares were in focus after oil prices hit more multiyear highs on expectations of increasing demand and tight supply. Iran chose hardline candidate Ebrahim Raisi as president-elect and there are fears that the nuclear discussions to remove oil sanctions may be more difficult to conclude when they resume. BP shares have ridden the oil price wave, rising on all five trading days this week. After opening the week at 312.60p, shares hit a high of 329.25p on Friday before closing at 325.5p.
Shares in Lloyds Banking Group (LON:LLOY) was popular after the Bank of England’s latest monetary policy decision, where the central bank was slightly less hawkish than some had expected. Shares in Lloyds opened the week at 46.15p before hitting a high of 47.7p on Friday and closing the week at 47.22p.
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Shares in jet engine manufacturer Rolls-Royce (LON:RR) were in focus after the UK government provided its latest update on international travel plans. A handful of countries were added to the government’s ‘green’ list, including long-haul options in the Caribbean. However, there is unlikely to be a huge surge in demand as travellers remain wary about being stranded. Shares in Rolls-Royce opened the week at 106.32p, hit a high of 112.46p on Tuesday before tailing off and closing the week at 106.5p.
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