I hope you’re well and I hope i’m posting this in the right place! I have a question relating to Pirelli & C Spa. I noticed this stock had crashed due to the out break and was trading at USD 14-15 before the market collapsed. I opened a position and thought i’d get in on the recovery leg but after looking at other sources have realised this stock actually never traded in reality above the USD 4-6 range.
So my questions are as follows:
Why is there a price difference on the T212 platform and will this stock ever recover to the previous t212 price of USD 14.00 or will it now track the actual market price of USD 4.00 or so?
I’m just a customer like you, but yeah I’m agreeing it should be that price. If your order has gone through at $14 then it’s wrong mapped to a different stock and one of the staff at T212 should be able to fix and reimburse.
Hi Phil thanks; I had actually placed buy orders at where its at now in the hope it will climb back up to the previous t212 high at $14 but it seems in reality its never traded that high on the open market?
@Abid If you look at the dates, you’ll notice the €14-15 prices are from 2015, right before Pirelli was acquired by ChemChina & delisted. After two years of being private, they went public again in 2017.
And then got screwed around with five years ago, and now ChemChina own 45% of it.
In March 2015, it was announced that Pirelli shareholders had accepted a €7.1 billion bid from ChemChina for the world’s fifth-largest tyre maker
You would have thought it would go up recently from the trend of biking but I’m guess most average riders have no clue when it comes to tires and fewer cars on the road and no motorsport at least until August. It looks like 2019 was rough on them before all the Corona kicked off.
I love trading 212 but this is one of the pitfalls of relying on only the charts at 212 for decisions. If your going to pick something up take a look around and see what you can find about the companies.
Investor reports, companies financial statemebts, Moody’s Ratings (if available), Hargreaves Lansdowne profiles (they do a VERY good job at collating documents and news related to the companies and occasionally have HL guidence that they issue all of which is free), Broker Forecasts (tho be wary that it’s trust worthy).
All of these are things that you should look at when deciding where to place your capital. A quick look at Google finances overview of the company would have quickly tipped off that something was not right even without all that.
related. 
