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Close Indivior (INDV)

Close Indivior (INDV) at market (1,008p)

Last week we noted that Indivior will be delisting from the London Stock Exchange at the end of July, maintaining its primary listing on the Nasdaq. This reflects the company’s US-centric revenue base and trading activity, but it also means UK investors will lose access to a local listing. We also mentioned that following the recovery in the share price, we would look for a technical level to time our exit.

With the shares now pushing up against a key area of resistance, we are taking this opportunity to close the position. The rally has been encouraging but we prefer to be disciplined here, especially given the shift away from the UK market and the limited visibility for domestic investors going forward.

Profit / Loss = -42%

INDV Daily Candle Chart