"A weak automotive market has been squeezing the share for a long time and in connection with the report the company lowered its sales forecast for the full year, causing the share to fall further. The declines have attracted many savers to pick up Volvo Car shares, which are historically undervalued," says Peter Engstedt, investment strategist at Handelsbanken.
Other report losers that were also picked up were Axfood, Arjo and Munters.
The most net-sold stock was ABB. The stock is up 90 percent this year, including the price increase in connection with the report. This has "motivated some savers to take home profits. In addition, insiders sold after the report," says Engstedt.
Most net bought | Most net sold |
Volvo Cars | ABB |
Investor | Ericsson |
Handelsbanken | Swedbank |
Arjo | Evolution |
Axfood | Embracer |
SSAB | Assa Abloy |
Alleima | Industrivärden |
Saab | Millicom |
Munters | Zalando |
Novo Nordisk | Cloetta |