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DS Smith ( (GB:SMDS) ) has provided an update.
UBS Group AG has reduced its trading book holdings in DS Smith PLC, bringing its ownership below the 5% reporting threshold. This change exempts UBS from further reporting obligations and indicates a shift in its investment strategy, potentially impacting market perceptions and stakeholder interests in DS Smith.
More about DS Smith
DS Smith PLC is a UK-based company operating in the packaging industry. It focuses on manufacturing sustainable packaging solutions and recycling services for a variety of sectors including FMCG, industrial, and e-commerce markets.
YTD Price Performance: 83.84%
Average Trading Volume: 6,561,733
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £7.49B
For an in-depth examination of SMDS stock, go to TipRanks’ Stock Analysis page.
