Plus 80 percent: Wirecard with other course antics

a Wild back and forth it goes well on Tuesday for the shares of Wirecard . The papers are in danger of disappearing payment processors to be controlled with mor

Plus 80 percent: Wirecard with other course antics

a Wild back and forth it goes well on Tuesday for the shares of Wirecard . The papers are in danger of disappearing payment processors to be controlled with more than 9 Euro temporarily to a new tripling of the course, before any of these recently increased with € 6.29, almost 80 per cent over the previous day's close. The shares of a balance-sheet scandal shook the company to be becoming more and more a short-term object of speculation. Last Friday, they had cost only one Euro.

on Monday tripled the price went in the meantime to almost 99 per cent loss of value within a few trading days. Two months ago, the shares had cost about 140 euros, and at a record high in early September of 2018, just before the Dax 199 euros had been paid.

According to the insolvency of the group in the previous week, the North America subsidiary Wirecard North America presented itself now for sale, and the British financial Supervisory authority FCA wants to allow the organization of the company's business. On Friday, the FCA had placed the local subsidiary Wirecard Card system, and any Transfers of funds and assets are prohibited assets.

The expulsion of Wirecard from the Dax is expected according to the Quasi-total loss take place at the latest in September of the next regular Index Review Deutsche Börse. Not a few market experts are shaking in the head, and call for the "Fast Exit", so the rapid exclusion from the index. "Absurd, not a good sign for the equity culture in this country," said the Tenor.

The German stock market reacted on the day before, and announced a Revision of their rules for Dax membership. Faster the get out of throw for Wirecard went from the pan-European Stoxx Europe 600 : From this Tuesday, they are not included.

The violent course of the Wirecard capers shares have hardly any fundamental reasons, but rather a proof that the paper is bought at a low level, especially by speculators in a rapid recovery and then just as quickly back to the cashier to make.

Updated Date: 01 July 2020, 10:20

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