Skip to content
Home / News |

Here’s Why Aston Martin Share Price Trades Over 7% Higher Today

Aston martin car
Nigel F

Shares of Aston Martin Lagonda Global Holdings PLC (LON: AML) soared more than 7% today after the company’s president for Asia Pac & China region said that he is “very happy with sales” in China for the third quarter.

According to Michael Peng, sales are likely to get back to the pre-pandemic level by the end of the year, if this trend continues.

“We had a very happy sales in Q2 and in particular now,” said Peng to Bloomberg on the sidelines of Beijing Autoshow.

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Peng said that according to monthly data, Aston Martin has already returned to pre-pandemic levels. Interestingly, Peng added that in some months the carmaker recorded even higher sales than in some previous years.

Aston Martin share price soared more than 7% to 53.80. Last week, shares plunged over 12% to log a 2-month low.

Aston Martin stock price gains on stronger-than-expected sales in China September 2020

PEOPLE WHO READ THIS ALSO VIEWED:

Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.