Snam (SRGm.MI) is an Italian energy company and one of the largest natural gas infrastructure operators globally. Founded in 1941, it has played a vital role in Italy's energy sector, focusing on the development, management, and maintenance of gas transportation and storage infrastructure.
The company ensures the reliable and efficient distribution of natural gas, contributing to Italy's energy security. Its commitment to sustainability and innovation has led it to invest in renewable energy sources and advanced technologies. The company went public in 2001, trading on the Milan Stock Exchange. With a strong history and a significant market presence, Snam continues to shape the energy landscape in Italy and beyond.
Over the past five years, Snam's stock price has seen significant volatility. The lowest stock price reached was €3.181 in March 2020, likely due to the COVID-19 pandemic's impact on the energy industry. On the other hand, its stock price reached its highest value of €5.610 in May 2022.
Traders may use various trading strategies for example, day trading is a popular strategy that involves buying and selling shares within the same trading day. Swing trading, on the other hand, involves holding onto shares for a few days or weeks. Position trading is a long-term strategy that involves trading over several months or years. Traders may choose the strategy that best aligns with their goals and trading style. Traders may also use several technical analysis tools and indicators such as moving averages, MACD and Bollinger Bands to better understand the stock.
Trading in the stock market can be daunting, especially when you consider the number of stocks and companies available. If you're thinking about trading Snam's stock, it's important to consider the company's competitors and how they are performing in the market. They include:
- Enagás (ENGe.ES) is a Spanish energy company specializing in the transportation and storage of natural gas. Founded in 1972, it operates crucial infrastructure that ensures the secure and efficient distribution of natural gas throughout Spain. Enagás plays a pivotal role in the country's energy supply chain, contributing to energy security and sustainability.
- Engie (ENGIE.PA) is a French multinational utility company that focuses on providing solutions for sustainable energy and services. Founded in 2008, Engie operates in various segments including electricity, natural gas, and energy services.
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Why Trade [[data.name]]
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