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Rcs rebound, shares soar on the stock market

After the heavy losses of the last week, following the presentation of the new industrial plan, the Rcs share rebounds on the Stock Exchange, ending up in the volatility auction after having reached a maximum gain of more than 10%.

Rcs rebound, shares soar on the stock market

The title of Rcs Media Group, which after the heavy declines of recent times (-10,55% last week), bounces back in Piazza Affari, ending up in a volatility auction and recording a 9,32% gain in the early afternoon to 1,149 euros per share, with strong trading volume. 

The fall in the stock followed the presentation of the industrial plan by the Chief Executive Officer Pietro Scott Jovane, last February 11, a plan which envisages 800 redundancies and the sale of 10 titles. Approval of the announced capital increase by the board is now awaited. 

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