SKF B (SKF.SE) is a Swedish multinational company with a market capitalization of 86.56 billion SEK as of August 9, 2023. Founded in 1907 by Sven Wingquist, it is a leading global supplier of bearings, seals, lubrication systems, and other engineering solutions.
Its innovative ball bearings revolutionized industries, and the company has continued to expand its product range to include various industrial components and services. Over its history, the company has played a pivotal role in shaping the modern engineering landscape, with applications spanning from automotive to aerospace. It went public in 1907 and has since become a major player in the manufacturing and engineering sectors. Known for its dedication to research, development, and quality, SKF remains a symbol of precision and reliability in the world of engineering solutions.
SKF B stock has had an interesting price history in the past 5 years. The lowest stock price reached was 113.8 SEK in March 2020 when the COVID-19 pandemic first hit. The stock's highest price reached was 259.0 SEK in March 2021, which represents a significant increase in price since its lowest point. These price fluctuations could be attributed to various factors such as global events, market trends, and company performance.
When analyzing the stock, traders may consider using different trading strategies, such as day trading, swing trading, position trading and scalping trading. Day trading involves buying and selling stocks within the same trading day. Swing trading involves holding stocks for a few days or weeks, whereas position trading involves holding stocks for a more extended period with a focus on long-term returns. Scalping trading involves making small profits from multiple trades in a short period.
If you are considering trading SKF B stock, examining the market thoroughly before making any financial decisions is crucial. One of the essential steps in this process is understanding the competition the company faces in the market. They include:
- Sandvik AB (SAND.SE) is a Swedish multinational company specialising in engineering solutions, particularly in mining, construction, and industrial applications. Founded in 1862, Sandvik produces cutting-edge tools, equipment, and services for various industries, with a strong focus on innovation and sustainability.
- Atlas Copco (ATCOA.SE) is a Swedish industrial company established in 1873. It offers a broad range of products, including compressors, vacuum solutions, and air treatment systems. Atlas Copco's products find applications in various industries, such as manufacturing, mining, and construction, contributing to increased efficiency and reduced environmental impact.
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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.