AstraZeneca Shares Start Trading in US After Listing Upgrade
Market Intelligence Analysis
AI-PoweredAstraZeneca's shares have started trading in the US after upgrading its listing, resulting in a 2.6% gain in London, indicating the company's growing reliance on the US market for growth.
Market impact analysis based on bullish sentiment with 85% confidence.
Article Context
It has said the move will give equal weight to its UK, Swedish and US listings. The shares gained 2.6% in London, leading the Stoxx 600 Health Care Index. It reflects the growing importance of the US to AstraZeneca’s business and in turn, a relative shift away from its home country as Chief Executive Officer Pascal Soriot looks to the world’s largest pharma market for growth.
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