FRANKFURT (dpa-AFX Broker) – On Wednesday, Adidas shares increased their price losses from the previous day. A lower-than-expected dividend proposal and a cautious outlook from the sporting goods manufacturer made investors cautious. In addition, recent rumors about “negotiations” about the stocks of Yeezy products have been denied. After Adidas terminated its cooperation with rapper Kanye West in 2022, among other things due to allegations of anti-Semitism, it is still unclear what will become of the stocks worth 400 million euros.
In the early afternoon, Adidas lost 2.7 percent to 140.50 euros as the tail light in the slightly friendly Dax, which means that the short to medium-term chart support is around 142/143 euros.
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