Porsche announced on Sunday that it aims to take a 75% stakeholding of Volkswagen shares. Volkswagen stock were fueled once people heard the news and rose from 210.52 Euro on friday to 945 Euro on closure today, 28th. October.
This equals a rose than four fold rise over just two days. Speculators who had bet on a fall in the stock of VW has been hurt strongly.
As a result the DAX index of German stocks rose unexpectedly as much as 10 percent on Tuesday, but would actually be down due to recession fears.
Germany’s market watchdog BaFIN is now taking a close look at the trading but did not launch a formal investigation yet.
Volkswagen AG stock price, stock quotes and financial overviews from MarketWatch. Volkswagen shares have jumped well over 6% after it issued an unscheduled announcement saying that half-year results would be "significantly higher than market expectations." ysts consensus, targets, ratings and recommendations | Xetra: VOW3 | Xetra Volkswagen's Stock Rebound Leaves Daimler AG’s rebound from the diesel emissions scandal and an upgraded earnings forecast has helped the to surge ahead of its German peers. Tags: volkswagens, stock, rebound, leaves, More Bad News for VW AG (ADR) (OTC:VLKAY) has seen better days. However, right now, VW is something of a bargain. At Yahoo Finance, you get free quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. You can adjust market indicators on the home page according to your needs . Select up to six indices , securities or other market indicators . If you sign up for our portal - for