Ordinary shares of Nissan (Tokyo: 7201) gained 2.43% on a strong overall day for Japanese stocks. Its 1,180 yen close is equal to $20.26 for its ADRs when adjusting for the current exchange rate and its ADR listing ratio.
I continue to believe that Nissan could be a buy if it trades lower up to its 2H launch of new models. I don't think a no-deal with GM will have much effect on Nissan's shares. In recent trading both its ordinary shares and ADRs are trading at/near 52-week lows.
Click here to access Nissan's investor relations page in English.
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