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Quindell (QPP) Share Price London Stock Exchange October 31

Quindell (QPP) Share Price London Stock Exchange October 31

It was another tough day for Quindell (QPP) with share prices dropping even lower. After opening at 139.50p they fell throughout the morning and reached a low of 128.75p in the afternoon. However, they recovered slightly to close down 5.07% at 131p.

This means that the shares are now down 4.99% for the month and 7.38% for the week with no real chance of recovery before November. Nonetheless, there is still optimism surrounding Quindell with brokers Cenkos, Daniel Stewart and Canaccord Genuity all recommending buying the shares.

Investors seem to be capitalising on the drop in share price. On Thursday 63.06% of Quindell shares traded were bought while 36.94% of them were sold. After the announcement of the signing of a major contract between Quindell and a Canadian insurer earlier this month, investors are expecting Quindell to recover so will be viewing the shares as a long term investment.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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