- Summary:
- On Friday’s trading session, Haleon share price closed the markets trading at 1 per cent below the opening price.
On Friday’s trading session, Haleon share price closed the markets trading at 1 per cent below the opening price. However, unlike previous weeks, where Haleon’s share price has continued to struggle in the market following its listing in July, last week saw the value of the company rising by 4 per cent to close the markets trading at a 266p price level.
One of the biggest challenges that Haleon’s share price has faced in the past few weeks is the expectation from investors. When it was listed in July, many expected its shares to surge. The expectations were founded on the fact that the company’s listing was the largest in Europe in over a decade.
The company was also valued at £30.5 billion ($36.4 billion) at the time of launching. There were also other companies, such as Unilever, who valued it at almost £50 billion and were willing to buy it at that value. However, the company decided against the move and decided to list it, which gave investors confidence that there were underlying fundamentals for such a decision.
However, fast forward to today, and the company has dropped by 13 per cent. Despite last week’s aggressive rise, the trend has also looked aggressively bearish, with many investors who had hope in the company almost losing faith.
Haleon Share Price
Friday’s drop of a percentage point indicated that the trend may still resume the downward move despite the week being aggressively bullish. Therefore, in the next few trading sessions, there is a high likelihood that we may see Haleon continuing with the move to the downside.
I expect the prices to move downwards in the coming few sessions. There is a high likelihood that the gains made last week will be wiped out as the bear trend, which started on Friday, continues throughout the week. My price expectation is for Haleon’s share price to hit the 242p price level again. My analysis, however, will be invalidated if Haleon’s share price hits the 280p price level.
Haleon Daily Chart
