Renk shareholders have had an extremely successful year so far. On Wednesday, however, deep red signs shape the picture. Rheinmetall and Hensoldt also come under pressure
• After all-time high, Renk-share slips noticeably
• Load profit treatment
• Consolidation despite further positive fundamental prospects
The Renk share in Xetra trading has already achieved an increase of 156.03 percent since the start of the year. At 52.18 euros, the share certificate recently reached a new all -time high. The Renk share on Wednesday is far from these course regions. What is behind it?
Reasons for the price decline in Renk
Corporate messages that would justify the drop in the course do not exist in the middle of the week. The armaments company has reported a collaboration between the daughter Renk Magnet-Motor GmbH with the Partzsch group of companies, in which the development and production of electrical machines with an output of up to 4 MW by REK was agreed, but this is not a reason for a sale.
Rather, it is likely to be profit -taking that let Renk come under pressure, after all, the market situation is still extremely insecure and fragile even despite the latest relaxation trends on the customs front.
In addition, recent discussions on the end of the Russian war of aggression in Ukraine have further disembarked the interest of investors in armaments. In the main question, conversation material provided media reports, according to which territorial abrasion to Russia are the subject of talks between Washington and Moscow. According to a report by the “Financial Times” Vladimir Putin have signaled the willingness to stop the invasion along the current front line.
The US specialist Steve Witkoff wants to travel to Moscow again in the coming days to advise Putin about the end of the Russian war of aggression. Before that, foreign ministers and security advisors of the United States, several European allies and Ukraine want to continue their consultations this Wednesday in London.
Prospects are still positive
For armaments shares in general and renk in particular, the business prospects are also extremely positive. Even if relaxation is indicated in the Ukraine conflict, the situation in the Middle East remains tense. There are also upgrading efforts in the EU, which should ensure continued well -filled order books from armaments companies.
Therefore, it is likely to be consolidation tendencies that will cause investors to take some profits in a somewhat larger style in the recently well -run stocks. At times, Renk titles lose 5.93 percent to EUR 47.28 in a predominantly positive market environment. The Rheinmetall industry competitor also gives 5.89 percent on Wednesday to EUR 1,342.00. Hensoldt also lose 4.83 percent to 62.10 euros.
Redaktion finanzen.net with material from dpa-afx
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