Stock in focus: Why is the Volkswagen stock suddenly booming?
A seven percent increase in just one month made the car manufacturer the most successful Dax title, at least until Friday evening. However, the stock had already been in a good starting position for a longer time.
The German stock market index Dax has lost over 1% in a month, partly due to rising oil prices and interest rates. Volkswagen's stock had been performing exceptionally well, with a 7% increase, but this changed after the company released a statement on Friday announcing a significant reduction in its annual forecast. The stock lost up to 7% and closed with a 5% decrease.
Volkswagen's net profit has fallen by 56% and dividend by 40% over the past three years, due to overcapacity, high costs, and slow transition to competitive electric cars.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Aktie im Blick: Warum boomt mit einem Mal die Volkswagen-Aktie? handelsblatt.com
