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Oxford Instruments Shares Fall for a Fifth Straight Session

Oxford Instruments shares fell for a fifth consecutive session on Friday, finishing at 2496p and below the bottom of their 60-session trading range.

Oxford Instruments (LON: OXIG) shares closed at 2496p on Friday, their fifth straight daily fall. The maker of scientific and technical instruments also finished below its 60-session range low of 2551.6p.

The stock lost 2.42% on the day, trading between 2483.58p and 2622.89p. At 2496p it is 23.9% below its 52-week high and 41.1% above its 52-week low, and it is still up 22.6% so far this year. No cause for the fall has been established.

Column chart of Oxford Instruments' daily share price changes, with the last five sessions of falls highlighted
Oxford Instruments’ recent daily share price changes, with the five-session losing run highlighted.

Below the range

The five-session run and the close below the 60-session range low are the two features of Friday’s trade. The top of that range is 3256p.

OXIG.LSE

Oxford Instruments is next due to report results on the 10th of November.

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Asktraders News Team
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