Equinor (EQNR) Stock Slides After Acquisition News
Equinor (EQNR, Financial) stock experienced a 3.02% drop in price today, primarily due to its announcement of a new acquisition. This movement contrasted with a 1% decrease in the S&P 500 index, reflecting specific investor reactions to Equinor's latest strategic move. The company's decision to acquire a minority stake in Ørsted, Denmark's largest energy company, has caught the market's attention. Equinor acquired approximately 4.2 million shares, equating to a 10% ownership stake in Ørsted, a company renow ...