We recently published 10 Stocks Hammered Harder than Wall Street. YPF Sociedad Anonima is one of the worst performers on Tuesday.
YPF Sociedad Anonima tumbled by 5.79 percent on Tuesday to end at $26.05 apiece as investors sold off positions amid lower oil prices, dented by renewed trade tensions between the US and China.
As of writing, Brent crude oil prices were down by 0.13 percent to $62.31 per barrel, while the West Texas Intermediate decreased by 0.10 percent to $58.64 per barrel, denting share prices of the listed oil and gas firm.
General investor sentiment was dampened by China’s announcement that it would look into Washington’s ongoing investigation into China’s growing dominance in world shipbuilding.
According to the ministry, Washington’s probe is threatening China’s national security and its shipping industry, and that it would retaliate if necessary.
Copyright: Elnur / 123RF Stock Photo
In other developments, YPF Sociedad Anonima has set the release of its third-quarter earnings performance for November 10, during market hours. A conference call will be held to elaborate on the results.
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This article is originally published at Insider Monkey.
