A few weeks ago they set up fireworks at GameStop, now Reddit investors have Volkswagen in their sights. Will the course of the VW group soon go through the roof as a result?
–
Small investors praise the VW Group’s strategy on internet forums, according to Reuters news agency. As a result, the price development of the VW share currently only has one direction: upwards. A month ago, a share cost only 170 euros, now the price is almost 240 euros.
–
According to professional investors, Volkswagen’s ambitious electric car sales targets have caught the attention of small investors in the US. On forums like ‘Wall Street Bets’ and on the internet platform Reddit VW is being tipped as the new Tesla, a stock exchange trader told Reuters.
–
As a result, Tesla shares are exchanged for VW shares. Yesterday the exchange rate rose by almost 15 percent to the highest point in 12.5 years: 353 euros. This amounts to an increase of fifty percent in the past five days and thus the strongest increase since the autumn of 2008.
–
Free unlimited access to Showbytes? Which can!
Log in or create an account and don’t miss out on the stars.
–
–
