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EasyJet Shares Face Renewed Selling Pressure Amid Sustained Downtrend
Shares of easyJet plc $EZJ.L fell sharply during Friday’s session on the London Stock Exchange, extending a prolonged period of negative momentum for the low-cost airline. As of June 13, 13:26 GMT+5:30, the stock traded at 537.6 GBX, marking a drop of 21.2 points or 3.79% from the previous close of 558.8 GBX. The latest decline highlights a persistent bearish trajectory across short- and medium-term timeframes, despite the stock’s modest positive return over the past 12 months. Market sentiment remains fragile, with investors reacting to both sector-specific headwinds and company-level underperformance.
Airo Group IPO: Sharp Debut Reflects Drone Sector Momentum
Airo Group Holdings Inc. $AIRO opened public trading with a dramatic surge, gaining up to 291% intraday on Friday. By 3:40 p.m. ET, the stock was up 155%, trading at $25.50 after multiple volatility halts. The aerospace and defense company raised $60 million by offering 6 million shares at $10—below the initially proposed $14–$16 range.
Novo Nordisk Reclaims Europe's Most Valuable Public Company Status
Novo Nordisk A/S $NOVO-B.CO has overtaken SAP SE $SAP to regain its position as the most valuable publicly traded company in Europe. The Danish pharmaceutical giant's market capitalization rose to $365 billion as of 10:20 a.m. in Copenhagen, narrowly surpassing SAP’s $364.3 billion valuation. The resurgence in share price—up as much as 2.3% on Friday—followed an announcement that Novo will advance its experimental obesity drug, amycretin, to late-stage clinical development. The decision came after favorable feedback from global health regulators, boosting investor confidence in Novo’s future growth pipeline.
Adobe's strong revenue outlook is encouraging, but the real test will be their ability to outpace emerging AI-native competitors.