YPF surges 43% as Milei election victory lifts Argentine ADRs (NYSE:YPF) - Seeking Alpha
YPF surges 43% as Milei election victory lifts Argentine ADRs (NYSE:YPF) | Seeking Alpha
YPF surges 43% as Milei election victory lifts Argentine ADRs
Nov. 20, 2023 10:51 AM ET YPF Sociedad Anónima (YPF) By: Rob Williams NY, SA News Editor 3 Comments Sergey Strelkov/iStock Editorial via Getty Images
YPF (NYSE: YPF) on Monday jumped as much as 43% after Argentina’s election results ignited speculation that the oil company will benefit from economic reforms. Libertarian economist Javier Milei won the presidency after campaigning to overhaul South America’s second-biggest economy.
Before Monday, YPF's ( YPF) American depositary shares (ADRs) had risen 17% since the beginning of the year.
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