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ARGGY - Aston Martin's Share In Free Fall. Fundamentals To Blame
Aston Martin Lagonda Global Holdings PLC ADR
British top-notch car manufacturer Aston Martin Lagonda (ARGGY) (AMGDF) has faced tough times since its IPO on the London Stock Exchange in October 2018. Shareholders who bought the stock on the IPO have seen their investment plunging ~75%. The UK market has also performed poorly since October 2018, especially in late 2018, but importantly, the FTSE 250, one of the LSE benchmarks, rebounded in January 2019 after an abrupt plunge in October and since January has gained ~7%. So, Aston Martin's late 2018 sell-off partly correlated with the overall market bearishness, but the share has