Shares rise after moyes fired
China Daily | Updated: 2014-04-24 07:22
Shares of Manchester United jumped six percent on Tuesday after the struggling Premier League giant fired manager David Moyes just 10 months into the job.
Shares of the popular British soccer team, traded on the New York Stock Exchange, leaped in opening trade and rose to $19.18, before closing at $18.78, their best level since May 2, 2013.
The company announced Moyes's departure ahead of the market opening, a much-anticipated move after the club's poor showing this season.
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