The slide in Zalando shares did not stop on Monday either.
At the daily low of 18.25 euros, the price in XETRA trading marked another low. The record low of a good 17 euros dates back to autumn 2014 and was reached shortly after the IPO. The issue price was 21.50 euros. Later, the paper temporarily lost 2.78 percent to 18.53 euros.
In the still young stock market year of 2024, Zalando’s price losses add up to 14.4 percent, which means it is in last place in the DAX. As early as 2023, the papers were at the bottom of the German leading index with an annual decline of a good 35 percent; In 2022 they were second to last with a loss of more than half. The record of almost 106 euros from mid-2021 is a long way away. Back then – in the middle of the corona pandemic – online trading was booming.
In the dreary economic environment, investors are worried about the business development of the DAX group. Just last Thursday, a profit warning from the British sports and leisure fashion retailer JD Sports Fashion further dampened the mood in the industry. This also weighed on the shares of adidas and PUMA, which fell by half a percent and 2.5 percent respectively on Monday.
FRANKFURT (dpa-AFX)
Selected leverage products on adidas
With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on adidas
The leverage must be between 2 and 20
Advertising