(Finance) – Great day for Tod’s, which changed hands with a strong gain of 11.79%. The stock has flared up thanks to the strong growth in the turnover, which increased by 38.7% in 2021, close to pre-Covid levels (-3.5% on 2019). In the fourth quarter, revenues increased by 41.6% compared to the fourth quarter of 2020 and + 9.6% compared to the fourth quarter of 2019.
“2021 closes with positive sales results that exceed our expectations at the beginning of the year” commented Diego Della Valle, president and CEO of the group.
At a comparative level on a weekly basis, the trend ofluxury footwear company shows a more marked trend than the trendline of FTSE Italia All-Share. This demonstrates the greater propensity to buy by investors towards Tod’s with respect to the index.
The technical status of the company from the Marche region shows signs of worsening with the support area set at 42.88 Euro, while on the upside the resistance area is identified at 46.3. For the next session we could see a new bearish momentum with a target probably estimated at 40.8.