Why Equinor Stock Slumped on Monday
Equinor(EQNR) The Motley Fool·2024-10-08 06:21
Investors seemed skeptical of a buy-in to a fellow Scandinavian energy company. Oil and gas companies might be riding a long-tail boom these days, but you wouldn't know that from the latest action in Equinor (EQNR -3.02%). The Scandanavian energy company didn't do well on Monday, sinking by 3% in price on news of a fresh acquisition. The S&P 500 index also landed in negative territory, but not as deeply, as it fell a comparatively benign 1%. Investing in the wind Equinor's major news item that day was the d ...