If you are thinking of buying stocks on the Italian stock exchange, you cannot fail to consider one of the largest known companies in our economic and financial scenario.
Pirelli Spa is an Italian multinational corporation, whose head office is located in Milan. The company that mainly deals with the production of tires, was listed on the stock exchange for the first time in 1922. Over the years it has managed to affirm its position in the world market also as the main supplier of tires for the Formula 1 championships and for the Super Bike World Championships.
Its current annual revenues exceed 5 billion euros. The company has around 30.000 employees worldwide and is confirmed as the fifth largest tire manufacturer in the world.
Pirelli shares today
Like many companies, Pirelli also did not have a path full of roses. In 2015, the stock suffered a severe blow due to the administrative troubles that led it to exit the Italian stock exchange.
Despite some financial ups and downs, however, the company managed to return to the crest of the stock market wave in 2017. This was when the international giants Chem China and High Grade Investment Management decided to focus everything and invest on the famous Italian company that saw undeservedly increase again its turnover from year to year.
Pirelli Spa currently exports its products to over 160 countries worldwide, and can boast more than 19 production sites with more than 15.000 distributors. So if you have decided to invest in this great company famous worldwide, you just have to read our article to know how to move in the world of stocks and to know all the relative advantages and disadvantages.
How to view Pirelli stock chart and invest in eToro
Once you have finished registering with eToro and followed the steps described above, you can start investing by purchasing Pirelli CFDs. To view the chart of the Italian multinational, simply access the section dedicated to the markets and locate Pirelli. From here to invest, all you have to do is:
- choose the amount of capital you want to invest
- select the trade action, then you will have to click on "sell" or "buy"
- set the leverage that best suits your trade
- set your stop loss and your take profit, in this way you can safeguard the funds you have decided to invest.
Pirelli shares forecasts and how much a Pirelli share costs
There are many factors to consider when making predictions on the performance of the Pirelli share.
We must take into account both the trend from the manufacturing sector in which the company operates, and the sales of the new cars and the close collaborations with the various car manufacturers.
Looking at the performance of the stock over the past 5 years, this had initially achieved an excellent period in 2018, reaching € 8 but, due to a series of ups and downs, the range settled around € 7 last year . To date, the cost of a single Pirelli share has been around 6 euros, the company has therefore recorded a drop of 0.38% in this regard.
Undisputed leader in the sector, we are sure that it will remain on the crest of the wave of the Italian and world automotive market for many more years. Internationally, it is certainly a company that can still grow a lot.
With all these assumptions and evaluating the analyzes we have obtained by monitoring the performance of the stock and the history of its company, we can certainly say that investing in Pirelli is an excellent option, especially if you turn to online trading broker platforms.
This will allow you to maximize your profits with a minimal expense and, will help you move easily and in complete safety in the complicated and unpredictable world of the stock market.