What Shares Were Popular Last Week? Eurasia Mining, Argo Blockchain And More
Investing.com | May 16, 2021 13:23
Here is a list of companies that were popular on the site in the latest week.h2 Eurasia Mining/h2
Shares in Eurasia Mining (LON:EUA) were in focus after the company announced late on Wednesday that it has received a proposal from a “credible party” for substantially all of the company’s assets. Shares opened the week at 26.5p before rallying 12% on Thursday to a high of 32.00p. Shares closed the week at 27.9p.
Argo Blockchain (LON:ARB) was in focus after the price of Bitcoin fell in the wake of Tesla’s announcement that it would not accept Bitcoin as payment for its vehicles, citing the environmental damage caused by mining and transactions. Argo Blockchain announced they had bought two data centres powered by hydro power and had also joined the Crypto Climate Accord. Argo Blockchain shares opened the week at 172.50p and fell for four consecutive days to hit an intraday low of 115.00p on Thursday. A 10% rally on Friday saw shares close at 148.00p.
Tesla (NASDAQ:TSLA) was in focus after the company’s CEO announced they wouldn’t be accepting Bitcoin as payment. Before that, company shares had fallen after a decline in Chinese vehicle sales in April. Tesla shares opened the week at $664.79 before falling to hit a low of $560.00 on Thursday. On Friday, shares staged a small rebound and closed at $589.74.
Troubled jet engine manufacturer Rolls-Royce (LON:RR) was in focus after results on Thursday. The company maintained its guidance, hoping that pent up demand for air travel will see planes fly more miles in the second half of the year. Rolls-Royce shares opened the week at 107.00p, hit a low of 100.58p on Thursday before a bounce on Friday saw shares close at 107.64p.
Get The App
Baillie Gifford’s Scottish Mortgage Investment Trust (LON:SMT) was in focus amid the tech sell off at the beginning of the week. The fund has exposure to many prominent tech names such as Tesla, Alibaba (NYSE:BABA) and Tencent (HK:0700). Later in the week, SMIT announced it had cut its exposure to Tesla and reported a record performance in its annual results. Scottish Mortgage opened the week at 1,206p, fell to a low 1,056p on Thursday before closing the week at 1,130.5p.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.