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, 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 assert 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 revenue exceeds € 5 billion. The company employs around 30.000 people worldwide and is 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 get back on the crest of the stock market in 2017. This was when the international giants Chem China and High Grade Investment Management decided to bet everything and invest in the famous Italian company that saw an undeserved increase its turnover again from year to year.
Pirelli Spa currently exports its products to over 160 countries around the world, and can boast more than 19 production sites with more than 15.000 distributors. So if you have decided to invest in this large world famous company, you just have to read our article to know how to move in the world of shares 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 need 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 take into consideration to make forecasts on the performance of Pirelli's shares.
We must take into account both the trend in the manufacturing sector in which the company operates, and the sales of new cars and close collaborations with the various car manufacturers.
Looking at the performance of the stock over the last 5 years, it had initially achieved an excellent period in 2018 hitting 8 euros but, due to a series of ups and downs, the range settled around 7 euros last year . To date, the cost of a single Pirelli share has been around 6 euros, and the company has therefore recorded a decrease of 0.38% in this regard.
Undisputed leader in the sector, we are sure that it will remain on the crest of the Italian and global automotive market for many years to come. At an international level it is certainly a company that can still grow a lot.
With all these assumptions and evaluating the analyzes we obtained by monitoring the performance of the stock and the history of your 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 minimal expense and will help you move easily and safely in the complicated and unpredictable world of the stock market.