The halts were due to regulatory concerns as the exchanges seek more information following economic sanctions imposed on Russia because of its invasion of Ukraine, people familiar with the matter said.
At the end of the latest market close, QIWI plc (QIWI) was valued at $7.72. In that particular session, Stock kicked-off at the price of $8.185 while reaching the peak value of $8.75 and lowest value recorded on the day was $8.08. The stock current value is $8.70.Recently in News on November 12, 202
This Hedge Fund Sold Qiwi Plc (QIWI) Amid Regulatory Concerns
Horos Asset Management recently published its Q4 Investor Letter, which can be downloaded here. A return of 26.3% was recorded by the fund for the Q4 of 2020, outperforming its benchmark index that delivered an 11.9% return.
Horos Asset Management said in their letter that they sold Qiwi Plc (NASDAQ: QIWI) because of the uncertainties they observed within the company. Qiwi plc is a Russian payment service company that currently has a $741.2 million market cap. For the past 3 months, QIWI delivered a -26.22% return and settled at $10.98 per share at the closing of February 8th.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)
February 5, 2021 GMT
March 28, 2019 and December 9,
2020,
If you are a shareholder who suffered a loss, click here to participate.
On December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated that “[f]rom July to December 2020, the Central Bank of Russia (‘CBR’), acting in its supervisory capacity, performed a routine scheduled audit of Qiwi Bank JSC (‘Qiwi Bank’) for the period of July 2018 to September 2020 and, in the course of this audit, has identified certain violations and deficiencies relating primarily to reporting and record-keeping requirements.” The Company was fined RUB 11 million, or approximately USD 150,000. The release also stated that “the CB