The domestic company Steyr Motors has given a special class on the stock exchange in recent days. A company from Upper Austria was suddenly worth 390 euros in mid -March. That meant a price increase of 1300 percent since the start of the month – a big crash followed …
Since then, the effects have lost enormous value and have established around 70 euros. The company essentially produces the M1 Monoblock Engine, which, in addition to motor boats, is mainly installed in military vehicles. Steyr Motors recently announced a framework contract with the German armal company Rheinmetall and a long -term framework in Brazil a week ago.
Only the prospect of billions in armor had fueled the stock. Then there was a so -called “Fait Accessive” effect: the hoped price profit in the European arms industry was founded by Donald Trump’s zigzag policy. Then a profit was taken. Now the imagination for further course is increasing. Grand Shareholder Mutares also announced that it would reduce its share to increase the free float of the shares.
Steyr -Motors Sudden billions of companies
The Steyr company is an absolute newcomer in the stock exchange. Only since the fall of the previous year did the company be mentioned on the Frankfurt Stock Exchange – at that time for 14 euros per share. Since this year in February, the effects have also been traded on the Vienna Stock Exchange. The crazy price movements temporarily pressed the company value on the limit of two billion euros.
The interest group for investors (IVA) responded with skepticism: the development of a “mini-casino” reminded that the course is on “Fantasy Level”, which is not covered by the best fundamental data. The enormous mountain and origin also called the German stock exchange supervision on the plan.
Exchange Supervision investigates processes
Analysts found striking movements. The Steyr course rose en masse by 25 percent the day before the report to Brazil. On Monday it was even 144 percent higher – and even without new fundamental news that such courses could have justified.
The German stock market market Supervision has already announced an investigation at the “Tagesschau”: “However, if there are striking price movements, we look at whether there are indications for market manipulations, trade with prior knowledge or violations of ad hoc obligations.”
Experts are sure that the share can remain volatile. Only extremely few shares are freely tradable, the free float is only 11.4 percent. That means: few orders are sufficient to move the paper en masse in one direction or another.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
