We recently shared a new article titled 10 Stocks Underperforming Compared to Wall Street. On Tuesday, YPF Sociedad Anonima (NYSE:YPF) was highlighted as a significant laggard.
YPF Sociedad Anonima (NYSE:YPF) saw a decrease of 5.79 percent on Tuesday, closing at $26.05 per share as investors reacted to declining oil prices amid escalating trade tensions between the United States and China.
At the time of writing, Brent crude oil was down by 0.13 percent, trading at $62.31 per barrel, while West Texas Intermediate fell by 0.10 percent to $58.64 per barrel, negatively impacting the share prices of the oil and gas company.
Investor sentiment was generally subdued following China’s statement about investigating Washington’s ongoing inquiry into its expanding influence in global shipbuilding.
The Chinese government claimed that the US investigation poses a threat to its national security and shipping sector, warning of possible retaliation if necessary.
Copyright: Elnur / 123RF Stock Photo
Additionally, YPF Sociedad Anonima (NYSE:YPF) is set to announce its third-quarter earnings on November 10 during market hours, followed by a conference call to discuss the results.
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Disclosure: None. This piece was originally published at Insider Monkey.
