Business · Markets · 13 hrs ago
STMicroelectronics shares fall below €39 after chip sell-off
STMicroelectronics shares fell more than 3%, dropping below €39.
The move came on Piazza Affari, Milan’s stock market, after a sharp sell-off in chip stocks on Wall Street.
The sell-off is the factor cited for the decline in the company’s shares.
The company’s results are due on October 29, giving investors a near-term event to watch.
Analysts’ views and price levels are mentioned, but no details are provided.
The next key date is the results announcement.
STMicroelectronics shares fell below €39 as a chip sell-off affected the Milan market.
The shares lost more than 3% after a chip slump on Wall Street.
The article said investors were watching levels ahead of the company’s results.
STMicroelectronics was due to report its results on 29 October.
- Who
- STMicroelectronics and its shareholders.
- What
- The shares fell below €39 and lost more than 3%.
- When
- 23 October 2026, according to the article’s publication date.
- Where
- Piazza Affari, Italy’s stock market.
- Why
- The fall followed a chip sell-off on Wall Street.
This story does not have two clearly opposing sides.
Money.it reported that STMicroelectronics shares had fallen below €39 and lost more than 3% after a chip sell-off on Wall Street.
STMicroelectronics was scheduled to report its results.
- Share price
- Below €39
- Share decline
- More than 3%
- Market context
- Chip sell-off on Wall Street
- Results date
- 29 October 2026