Porsche share: Start with loss-Dax further out of reach!

Porsche share: Start with loss-Dax further out of reach!

Porsche, Deutschland - Today, the Porsche Automobil Holding share starts trading with a clear downward trend. After a weak closing price of 35.76 euros, the course fell to currently 35.09 euros on the last trade day, which corresponds to a minus of 1.87 %. This development is not surprising, since the share is currently 29.25 % below its 52-week high of 49.60 euros and the 52-week low at 33.40 euros also shows that the share is in a tense location, such as Welt.de reported.

The market capitalization of the Porsche Automobil Holding amounts to 10.95 billion euros, which gives the share a weighting of only 0.59 % in the index. For comparison: The greatest value on the stock exchange in the DAX has SAP with 276.17 billion euros. In a financial year that ended in December 2022, Porsche achieved sales of 25.80 billion euros and a profit of 4.90 billion euros, but the stock will be put in the shade by the current decline. On the European stock exchanges, the Euro Stoxx 50 also shows weak signs in this context, with a decline of 0.76 %. This illustrates the difficult market in which the Porsche Automobil Holding can be found, according to the analysis of .