Markets

Breakdown of the latest developments on the global exchanges
Mar 14, 2019, 12:00 PM GMT
#Stocks

Cristiano Ronaldo Sends Juventus Shares Soaring With a 17% Daily Gain

The superstar of European football helped his team win an astonishing game against Atletico Madrid by scoring a hat trick, which was enough to qualify his team for the next stage of the competition.

As a result of that, in the following trading day’s opening the shares of the public club registered a 17.42% gain. Ever since the player joined the club last summer, the price of the stock has been growing in a sizable upswing, as Ronaldo brought with him an influx of hundreds of thousands of new social media followers to his new club and his t-shirt became an immediate bestseller at the club’s fan store.

Ronaldo can now be considered as having a fundamental effect on the stock market since his every move is carefully scrutinized by speculative traders. This leaves the opportunity for more sizable price swings open, as a result of CR7's performance in the next stages of the competition.