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Magellan Financial Group Reduces Stake in Nick Scali Limited

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Magellan Financial Group Reduces Stake in Nick Scali Limited

Confident Investing Starts Here:

An announcement from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.

Magellan Financial Group Ltd has announced a change in its substantial holding in Nick Scali Limited. The company’s voting power has decreased from 9.45% to 8.20%, indicating a reduction in its stake in the company. This change in interest may impact Magellan’s influence in Nick Scali Limited, potentially affecting its strategic decisions and stakeholder relations.

More about Magellan Financial Group Ltd

YTD Price Performance: -34.16%

Average Trading Volume: 551

Technical Sentiment Signal: Strong Buy

Current Market Cap: €787.7M

See more insights into MFG stock on TipRanks’ Stock Analysis page.

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