Sinch rebounds to top STOXX but jump 'unnoticeable' in absolute terms
18/07/2022 09:12
** Shares in Swedish cloud communications specialist Sinch
SINCH.ST rebound on Monday with no news from the company,
rising more than 10% to the top of the pan-European STOXX 600
.STOXX index
** The stock reverses course after a five-day losing streak
last week triggered by short seller Ningi Research report on the
Swedish group urn:newsml:reuters.com:*:nL8N2YS372
** "Today's move is unnoticeable," SEB analyst Pontus
Wachtmeister says, pointing to absolute price over the last year
** Sinch stock, which trades at about SEK 22 on Monday, is
down 81% year-to-date and has lost nearly 90% from August 2021
highs of around SEK 200
(Reporting by Izabela Niemiec)
((Izabela.niemiec@tr.com))