Shares in German defence contractor Rheinmetall are showing signs of recovery after a recent dip, posting a gain of 2.78% and moving into the upper third of the DAX index.
As of the latest trading session, Rheinmetall stock is priced at €1,480.00, up from €1,440.00 at the previous day’s close. The uptick follows a string of less favourable sessions and raises the question of whether this marks the beginning of a sustained upward trend.
With today’s performance, Rheinmetall secures the third spot on the DAX leaderboard, ahead of many other listed companies. The benchmark index itself has recorded a more modest overall gain of 1.21%.
Trading volume for the stock has reached 150,343 shares so far, compared to 324,924 shares traded in the previous session. Despite the lower turnover, the share price has edged closer to its 52-week high of €1,483.00. At present, it sits just 0.20% below that level. The lowest point within the same period was €437.50, highlighting the scale of its year-long rally.
Rheinmetall’s market capitalisation now stands at €62.55 billion, giving it a 3.30% weighting in the calculation of the DAX index. Among the 40 companies that make up Germany’s premier stock index, Rheinmetall ranks 7th in terms of employee numbers, employing 28,539 people worldwide.
In comparison, SAP remains the heavyweight on the DAX with a market capitalisation of €266.92 billion, making it the most valuable listed firm in Germany at present.
This article was generated automatically using data from EOD Historical Data and analysed as part of a stock market update by digitaldaily. Please note that market data may be subject to delays.
