Porsche share: Stagnation in the DAX - where does the trip go?

Porsche share: Stagnation in the DAX - where does the trip go?

In today's trading world, the Porsche Automobil Holding share remains almost unchanged and only has a low movement of -0.40 percent. With a current price of 39.68 euros, the paper is hardly under pressure compared to the previous final course of EUR 39.84. This stagnating development brings the share to the 32nd place in the Dax, which attracts a total of 0.85 percent. It remains to be seen whether this continues to stop sideways or whether there is finally change in sight.

A total of around 58,426 shares were traded today, which is relatively low compared to the 258,676 securities of the previous day. Against the background, these figures should be considered that the Porsche Automobil Holding share is currently 20 percent below its 52-week high of 49.60 euros, while the 52-week low was set at 37.47 euros.

free float market capitalization

With a total rating of 12.20 billion euros, the freely manageable shares of the Porsche Automobil Holding have a market capitalization of 0.67 percent in index. For comparison, the titles of SAP, Siemens and Deutsche Bank have a much greater weight within the DAX. In the financial year that ended in December 2022, Porsche was able to realize sales of 25.80 billion euros and a profit of 4.90 billion euros.

The long -term stability of the share is supported by the current market conditions and the company profits. Nevertheless, the question of whether the Porsche Automobil Holding can exist against the competition in the DAX is becoming increasingly urgent, especially in view of the continuing pressure from other large companies.

This information comes from an automatic analysis of the market data provided by EOD Historical Data. Investors are encouraged to follow the current developments closely, since the course data may be delayed.

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