Sandvik (SAND.SE) is a renowned Swedish engineering company with a market cap of 261.79 billion SEK as of August 29, 2023. Founded in 1862 by Göran Fredrik Göransson, the company has a strong legacy of innovation in materials technology, automation, and digital solutions for industries like mining, construction, and manufacturing.
The company's journey from its inception to becoming a global leader in engineering has been marked by pioneering advancements. It went public on the Stockholm Stock Exchange in 1901, and over the years, it has consistently contributed to various sectors through its cutting-edge products and solutions, solidifying its reputation as an industry innovator.
Sandvik stock has shown quite some interesting trends in the past five years. The lowest stock price reached was 109.64 SEK in March 2020 due to the impact of the COVID-19 pandemic on the global economy. However, the stock price was as high as 256.24 SEK in January 2022.
As a trader, you may employ various trading strategies, they include copy trading, day trading, swing trading, position trading and scalping trading. For instance, copy trading involves copying the trading strategies of successful traders, while day traders buy and sell stocks within the same day. Additionally, traders may also use various tools and indicators such as the Bulls and Bears Power Indicator, Elliot Waves, the Awesome Oscillator, etc. to analyse the stock. As always, careful consideration and analysis are essential when deciding to trade any stock.
Trading in the stock market is an exciting venture, but it's not always an easy task. As a trader, it's important to be familiar with a company's competitors and industry trends to make informed decisions. Sandvik's competitors include but are not limited to:
- Atlas Copco A (ATCOA.SE): Atlas Copco is a Swedish industrial company listed on the Stockholm Stock Exchange. With a strong market presence and a focus on sustainable productivity, it provides innovative solutions in areas like compressors, vacuum solutions, industrial tools, and more.
- Metso Outotec OYJ (MOCORh.DXE): Metso Outotec is a Finnish company traded on the Helsinki Stock Exchange. Formed from the merger of Metso Corporation and Outotec OYJ, the company offers technologies and services for sustainable use of Earth's natural resources. It provides solutions for the mining, aggregates, metals refining, recycling, and other industries.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.