Lux in Flux
Submitted by advisor on Fri, 09/01/2006 - 2:34am.
Electrolux stock "EluxB" sold on the Stockholm stock exchange dropped 27.8% today, September 25, from 162.75 Kroner to 117.5 Kroner. As scary-bad as that sounds, we have no idea what it means, because the Electrolux "EluxA" and "ELX" shares show no evidence of free fall. We'll try to follow the bouncing ball.
UPDATE: September 26: Bloomberg reported Sept 13, that Electrolux is a takeover risk. Unsure how that relates to Monday's drop.
