Peugeot's woes worsen, company to be delisted from CAC 40 stock index
According to Bloomberg, Peugeot has declined to comment on the situation. The assessment of most commentators is that, beyond the blow to prestige and the heightened impression that Peugeot's ship is listing further, this can only make things worse, since it could push Pug stock out of index-tracking and exchange-traded funds. Ominously, the trend is for stocks to underperform the index by roughly 15 percent after being delisted. A potential bright side, according to one analyst, however, is that being out of the spotlight could help relieve Peugeot stock of short-selling pressures.
The carmaker's place will, as expected, be taken by Belgian chemical company Solvay. Peugeot stock will move to a different index, the CAC Next 20, where Solvay is currently listed.
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