Puma shares tank 20% after second warning in less than two months
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Puma shares dropped 20% after issuing a second warning in two months about slow growth in 2025 due to global trade tensions, currency swings, and economic uncertainty.
March 12, 2025 | 8:45 am
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Puma's significant share drop and earnings warning could indirectly affect Adidas (ADDYY), as both companies operate in the same industry and face similar market conditions.
Puma's warning about slow growth and its share price drop could signal similar challenges for Adidas, as both are major players in the sportswear industry. Investors might anticipate similar issues for Adidas, potentially affecting its stock price.
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