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Domino’s Addresses ASX Query on Stock Price Fluctuation

Story Highlights
  • Domino’s attributed stock fluctuations to an incorrect article about a potential acquisition.
  • The company confirmed compliance with ASX rules and denied any acquisition talks.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Domino’s Addresses ASX Query on Stock Price Fluctuation

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Domino’s Pizza Enterprises Limited ( (AU:DMP) ) has shared an update.

Domino’s Pizza Enterprises Limited responded to a query from the ASX regarding a significant price and volume change in its securities. The company attributed this fluctuation to an article speculating about a potential acquisition by Bain Capital, which Domino’s confirmed was not based on any proposals or communications with Bain Capital. The company assured compliance with ASX Listing Rules and confirmed that its response was authorized by its Board.

The most recent analyst rating on (AU:DMP) stock is a Sell with a A$14.60 price target. To see the full list of analyst forecasts on Domino’s Pizza Enterprises Limited stock, see the AU:DMP Stock Forecast page.

More about Domino’s Pizza Enterprises Limited

Domino’s Pizza Enterprises Limited is a prominent player in the fast-food industry, primarily focusing on pizza delivery and takeaway services. The company operates a vast network of franchises across Australia and internationally, catering to a diverse customer base with a focus on convenience and quality.

Average Trading Volume: 954,892

Technical Sentiment Signal: Sell

Current Market Cap: A$1.45B

For a thorough assessment of DMP stock, go to TipRanks’ Stock Analysis page.

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