Juventus shares rose again on the Milan Stock Exchange this morning, extending the momentum from yesterday’s sharp upturn driven by speculation over a potential new takeover offer from Tether.
Calcio e Finanza report that after briefly dipping by around 3% at the opening bell amid profit-taking, the club’s stock quickly turned positive, gaining roughly 2% by 10 a.m. to reach €2.65 per share. This follows the previous day’s impressive 18% surge, which lifted Juventus’ market capitalisation to approximately €1.1 billion, the same valuation reportedly linked to Tether’s recent proposal to Exor for a majority stake in the Turin club.
Market Context
Across Europe, stock markets opened mixed, reflecting cautious sentiment after Tuesday’s rally. Asian exchanges closed lower overnight, and Wall Street ended on a weak note as major tech companies linked to artificial intelligence saw renewed losses.
In early trading, Amsterdam slipped by 0.58%, Frankfurt was down 0.4%, while Paris hovered around parity. Madrid performed slightly better, rising by 0.5%. Milan, after an early decline, reversed direction to post gains of 0.27%, supported by a rebound in banking stocks.
Unicredit and MPS led the sector with increases of 1.6% and 1.8% respectively, the latter boosted by decisions taken by the Caltagirone Group board, one of its key shareholders. Conversely, defence-related stocks fell as optimism over possible peace talks in Ukraine weighed on the sector, with Leonardo losing 3%. Tech shares also struggled, with STMicroelectronics down 1.8% in early trading.
For Juventus, the continued rise in share value underscores renewed investor confidence as speculation over ownership changes keeps the club in the financial spotlight.
