FRANKFURT (dpa-AFX) – The shares of Puma (PUMA SE) attracted a lot of interest from investors on Thursday. With a price jump of ten percent to EUR 52.30, they made up for the losses of the past five trading days in one fell swoop. In the course of the year so far, they have been among the weakest MDax stocks. However, they suddenly reduced their drop this year to less than eight percent.
Some traders pointed to vague optimism ahead of the end of the quarter. There were similar signals from two analysts during the course of the day: Jefferies analyst James Grzinic wrote in a study that the forthcoming figures are unlikely to confirm the more pessimistic assumptions of investors as much as previously feared. He continues to recommend the shares as a buy, even if he expects headwinds in terms of costs in the second half of the year.
There was a similar voice from the DZ Bank expert Thomas Maul, who believes that investor sentiment will improve again. The second quarter report should underpin that this year’s financial targets are well within reach. In particular, progress made in reducing inventories and accelerating the pace of growth in business in China could provide positive price impetus.
Puma shares were more buoyant than adidas on Thursday, which rose 2.7 percent. Stockbrokers also referred to an upcoming cooperation in the USA at Puma. An already mentioned collaboration between Puma and the US basketball player LaMelo Ball and the Gutter Cat Gang fashion line, which is known for its so-called non-fungible tokens (NFT for short), was freshly discussed. A collection of limited sneakers with a digital crypto certificate as a new type of proof of ownership is to be sold under the name “GutterMelo MB.03”./tih/bek/nas
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