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Volkswagen stock price surge following Porsche share increase

Volkswagen stock price surge following Porsche share increase

By: Peter Chubb | October 28, 2008 | 2 Comments

Volkswagen AG stock price has increased fourfold in two days following news that Porsche are to increase their shares in the automaker. Germany’s financial-markets regulator is now taking a close look at trading between Volkswagen AG.

The gains in Volkswagen soared once people heard the news from Porsche that they plan to increase their stake in Volkswagen to 75 percent. This news has forced short-sellers to cover bets on a decline of the stock.

Volkswagen is the most shorted stock in Germany’s benchmark DAX Index; their common shares reached a high of 296 billion Euros ($370 billion). As yet the no formal inquiry has been launched.

Source – Bloomberg

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  • ghost

    Please don’t sell your Volkswagen share. These all are rumors to manipulate share price. Within a week Volkswagen share will go up. Media rumors are spread by big shark to manipulate shares for their gains and games. On the share market rumors are always proofed wrong. If Qatar has to buy the share then what is the point that Volkswagen share will go down. Rumors Rumors and Rumors for manipulation. I will advice it’s a golden time to buy Volkswagen Share.

  • art newell

    Well ‘Ghost’ if I had taken your advice and bought a thousand VW stocks in August at $254.oo today they would have lost me a total of $144,000.

    So whatever you do for a living, I hope it’s not giving people stock market advice, or you would now be hiding somewhere in South America wearing dark glasses.