Ozon Shares Plunge After Ukrainian Drone Strikes Hit Warehouses
9 Articles
9 Articles
Ukraine’s Drone Swarms Have One Goal: Take the War to Russia and Destroy the Economy From the Sky and Putin Can’t Stop It
Ukraine has launched three consecutive days of drone attacks against warehouses belonging to Ozon, Russia’s second-largest online retailer, causing the company’s share value to fall by almost a third. The company says that at least six Ozon logistics facilities have been targeted since Saturday, August 22, amid Ukraine’s ongoing strike campaign against Russian logistics and commercial infrastructure. Neptune Missile. Image Credit: Government of …
Ozon shares plunge after Ukrainian drone strikes hit warehouses
Shares in Russian online retailer Ozon plummeted following drone strikes by the Armed Forces of Ukraine, with investment platforms reporting a sharp 28% drop after news broke of fresh attacks on three Ozon warehouses overnight on August 24. Although there was a slight recovery, the share price has yet to regain previous levels. On the morning of August 24, reports emerged of fires at three Ozon warehouses, triggering a rapid sell-off in Ozon's s…
The Russian stock market of Ozon fell sharply after a series of drone strikes at its warehouses, and in a matter of minutes the company lost 185 billion rubles of capitalization.
Ozon shares declined by 12.7 per cent to 2,600 roubles after the opening of the main trade session at Mosbirge, and the Mosbirgi index dropped to 2,092 points at the beginning of the bidding, 2 per cent below the closing level of the previous session.
The Russian stock market began a new week with a rapid fall – on the morning of August 24, the Mosbirgi index dropped by 2.08 percent – to 2090.65 points.
Ozon stock lost almost a fifth of its value in a few hours.
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