Will Marks & Spencer continue falling, or will it rise again back to 277p?

• Shares -20% from recent highs; Now trades 222p (at time of writing).
• Can the stock recover 24% to recent 277p highs?
• Shares -24% from 2019 highs; +1.6% from 2019 lows; -5.9% year-to-date.
• 29 May: Rights Issue could save M&S from UK 100 Relegation says Hargreaves Lansdown
• Source: Dow Jones, Bloomberg, FT, Company News, AlphaTerminal

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Trading Marks & Spencer – An Example

Let’s say you feel that the stock is a bargain and you think could bounce back towards 277p. You decide to buy exposure to £10,000 worth of Marks & Spencer  using a CFD, at the current price of 222p. To do this, you need £2,000.

Let’s assume Marks & Spencer recovers back to highs of 277p (+24%). Your profit would be £2400, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Marks & Spencer falls 5% and hits your stop-loss. Your loss would be £500.

This is provided for information purposes only. It should not be taken as a recommendation.