{"id":7597,"date":"2021-03-19T16:34:00","date_gmt":"2021-03-19T13:34:00","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=7597"},"modified":"2023-06-23T09:01:03","modified_gmt":"2023-06-23T06:01:03","slug":"volkswagen-shares-countrys-priciest-company-sent-dax-to-highs","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/03\/19\/volkswagen-shares-countrys-priciest-company-sent-dax-to-highs\/","title":{"rendered":"Volkswagen Shares: Country\u2019s Priciest Company Sent DAX to Highs"},"content":{"rendered":"\n

At the beginning of March, I told you that thanks to the analysts of UBS Group AG, Volkswagen shares had hit the levels of five years<\/a>. Do you think the growth was temporary? Quite the opposite: since then, the stock price of the German carmaker has increased by 51.5% more. I’m excited to find out all the details of what’s going on. Are you in?<\/p>\n\n\n\n

<\/span>Volkswagen shares sky-rocketing<\/span><\/h2>\n\n\n\n

Volkswagen AG (DE: VOWG) shares resumed growth on March 15th. That day, the quotations grew by 3.55% to 239 USD. On March 16th, the increase amounted to 11.55%, so that the quotations reached 266.6 USD.<\/p>\n\n\n\n

The positive dynamics not only stayed but enhanced: two subsequent sessions made the stock price 22.7% higher (it reached 327.2 USD). During the month, the increase amounted to 69%.<\/p>\n\n\n\n

<\/span>Volkswagen AG: the most expensive German company<\/span><\/h2>\n\n\n\n

The swift growth of the stock price helped the carmaker win the race with the software-maker SAP SE (DE: SAPG) over the place of the priciest German company.<\/p>\n\n\n\n

Market capitalization of VAG reached 163.12 billion USD, while that of SAP SE is 122.86 billion USD. Since the beginning of the year, the car-concern has become 92.4% more expensive, and the software-maker – 4.2% cheaper.<\/p>\n\n\n\n

<\/span>Why did Volkswagen shares grow?<\/span><\/h2>\n\n\n\n

The increase in the stock price was provoked by several loud and ambitious announcements of the company’s management:<\/p>\n\n\n\n