By Joseph Branch in Economics News —

Shareholders mixed up the companies again

Shareholders mixed up the companies again
Photo by Anne Nygård / Unsplash

Putin said the Russian Federation would support the Zvezda shipyard to build LNG tankers.

A company with a similar name trades on the MosExchange, but which produces high-speed diesel engines, but not shipbuilding in any way.

Zvezda stock is up more than 15% today after the news broke. A similar story happened with ZOOM at the beginning of the pandemic.