China's Laopu Gold shares fall despite forecast of tripling profits [MSNBC.com]
Marsh & McLennan Companies, Inc. (MMC)
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Source: MSNBC.com
Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025.Cfoto | Future Publishing | Getty ImagesShares ofThe stock, which is up 203.07% for the year to date, rose nearly 4% in early trade but pared back gains as investors locked in their profits.While shares of Laopu Gold are on course for their ninth straight session of decline, they have skyrocketed by more than 2,000% since their listing last year.The Hong Kong-listed company also reportedin a filingStock Chart IconStock chart iconShares of Laopu Gold fell to their lowest levels since May 20Citi analysts attributed the retreat in Laopu's share price to a reset in market expectations and "unwinding fund flow," adding that the stock appears relatively cheap.Similarly, market downgrades in earning expectations and concerns over rising gold prices have caused the stock to fall from its peak in early July, Morgan Stanley analysts said in a research report on Monday.However, consulting firm Oliver Wyman s
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MMC
Earnings
- 10/16/25 - Beat
MMC
Sec Filings
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- 11/18/25 - Form 4
- MMC's page on the SEC website