The action of Orpea is therefore blocked at its closing price on Friday, at 14.74 euros per share, a loss of 83% since the beginning of the year.
The listing of the Orpea share was suspended Monday on the Paris Stock Exchange, due to a rare request from the Financial Markets Authority. Quotation is suspendedat the request of the Autorité des Marchés Financiers“From Monday 9:00 am, since the opening of the Paris Stock Exchange, writes Euronext in a note, which does not specify the duration of the suspension.
“In order to ensure that the market is properly informed and pending the publication of a press release from the issuer pursuant to the European regulation on market abuse, the Autorité des marchés financiers requested, this morning before the opening of the market, suspension of financial instruments (shares, debt securities and related instruments) of ORPEA“Confirmed later in the morning the financial market policeman in a press release published on its website.
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The action of Orpea is therefore blocked at its closing price on Friday, at 14.74 euros per share, a loss of 83% since the beginning of the year. The fall began after the publication in January of a book accusing the nursing home group of mistreatment of its residents. But last week, the stock price soared by 37%, without any news or major announcement being able to explain it. The title took around 10% during each of the first three sessions of the week. Analysts interviewed by AFP had put forward the hypothesis of withdrawal of bearish bets as a possible explanation, while remaining cautious. The group posted a net loss of 269 million euros in the first six months of the year, weighed down by inflation and asset write-downs.