How high did VW stock go during the squeeze?
On 27 October 2008, Volkswagen's shares opened at €348 and closed at €517 – a rise of almost 150%. By Tuesday, the stock peaked at €999 per share, while short-selling costs were estimated to be in the tens of billions.
What was Volkswagens highest stock price?
At the end of trading yesterday, VW's share price closed at €675 ($847), a gain of 33% on the day, but not enough to hold onto the title of world's largest company by market capitalization. The secret to VW's earlier valuation success, say the analysts, lay in its successful hedge-fund trading strategies.
What did Volkswagen stock peak at in 2008?
VOW. F - Volkswagen AGDateOpenHighOct 29, 2008527.03597.96Oct 28, 2008484.52978.92Oct 27, 2008365.86604.16*Close price adjusted for splits.**Adjusted close price adjusted for splits and dividend and/or capital gain distributions.1 more row
How much will Volkswagen stock go up?
Stock Price Forecast The 19 analysts offering 12-month price forecasts for Volkswagen AG have a median target of 24.63, with a high estimate of 35.09 and a low estimate of 13.23. The median estimate represents a +16.32% increase from the last price of 21.17.
How much was Volkswagen shorted 2008?
28, 2008, it plunged 58% in four days and by September that year, the shares were down 70% from their top, giving away most of the squeeze. Although it has been over a decade since the Volkswagen short squeeze, there are still many lessons that day traders can learn from this particular stock market event.
How much was Volkswagen shorted?
As a result, Hedge funds that had been shorting VW lost close to $30 billion, while Porsche made billions. Ironically, this was during a time when industry car sales were doing exceptionally badly.
What was the biggest short squeeze ever?
In October 2008, a short squeeze triggered by an attempted takeover by Porsche temporarily drove the shares of Volkswagen AG on the Xetra DAX from €210.85 to over €1000 in less than two days, briefly making it the most valuable company in the world.
How high can a short squeeze go?
If you short a stock at $10, it can't go lower than zero, so you can't make more than $10 per share on the trade. But there's no ceiling on the stock. You can sell it at $10 and then be forced to buy it back at $20 … or $200 … or $2 million. There is no theoretical limit on how high a stock can go.
When did Volkswagen stock squeeze?
2008The biggest short squeeze in history occurred in 2008 when Porsche embarked on an unexpected series of maneuvers that left it controlling a huge percentage of Volkswagen's (VW) stock. This briefly made VW the most valuable listed company in the world.
What will Volkswagen stock be worth in 2025?
How high can Volkswagen stock go? According to algorithm-based predictions from Wallet Investor, the price of Volkswagen stock could rise to €227.256 per share by the end of 2025. These predictions are made based on an assessment of the current price trend.
Is Volkswagen a good stock to buy 2021?
Volkswagen (OTCMKTS: VWAGY) stock has had a strong 2021 so far and is up almost 60% YTD, initiated by reports that the German car company could soon steal Tesla's (NASDAQ: TSLA) EV crown. Back in July, VW announced that it plans to be all-electric in Europe by 2033.
Is Volkswagen a good long term investment?
The Volkswagen AG stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.