BFW 11/03 10:52 Puma Rises Most in 13 Years on 8.3x 3-Month Daily Average Volume
Puma, Kering Rise; Companies Decline Comment (1)
2014-11-03 11:04:00.756 GMT
By Heather Burke
Nov. 3 (Bloomberg) -- (Adds companies’ comment in 3rd
bullet).
Puma jumps as much as 16.7%, most since Oct. 2001.
* Vol. 8.7x 3-mo. daily avg., has highest vol. since Sept.
2013
* Kering up as much as 1.3%
* Kering spokeswoman Helene Saint-Raymond declined to comment,
as did Puma’s Kerstin Neuber
* Reports 3Q earnings on Nov. 7
* NOTE: Kering owns ~86% of Puma: Bloomberg data
* NOTE Oct. 23: Puma 3Q sales beat ests
* Shares down ~29% YTD before today vs Adidas -37%, Nike up
18%
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--With assistance from Aaron Ricadela in Frankfurt and Andrew
Roberts in Paris.
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-11-03 11:04:00.756 GMT
By Heather Burke
Nov. 3 (Bloomberg) -- (Adds companies’ comment in 3rd
bullet).
Puma jumps as much as 16.7%, most since Oct. 2001.
* Vol. 8.7x 3-mo. daily avg., has highest vol. since Sept.
2013
* Kering up as much as 1.3%
* Kering spokeswoman Helene Saint-Raymond declined to comment,
as did Puma’s Kerstin Neuber
* Reports 3Q earnings on Nov. 7
* NOTE: Kering owns ~86% of Puma: Bloomberg data
* NOTE Oct. 23: Puma 3Q sales beat ests
* Shares down ~29% YTD before today vs Adidas -37%, Nike up
18%
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Aaron Ricadela in Frankfurt and Andrew
Roberts in Paris.
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editors responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net