Daimler Truck share: Big losses despite positive market development

Daimler Truck share: Big losses despite positive market development

Daimler Truck shares posted major losses for the second day in a row, with the commercial vehicle manufacturer's value falling by 4.65 percent to 40.58 euros. This places the shares of Daimler Truck clearly in the bottom third of the DAX, while the index rose by 0.76 percent overall. The stock's trading volume an hour and a half before the close was 2,601,538 shares traded, compared to 1,894,186 the previous trading day. The share is 14.82 percent below its 52-week high of EUR 47.64, while the 52-week low was EUR 26.44.

Daimler Truck Holding AG is in 20th place in the DAX with a share of 1.84 percent, which is due to its stock market value. The current value of all freely available Daimler Truck shares amounts to 32.28 billion euros. In the financial year that ended in December 2022, the company achieved sales of 51.00 billion euros and a profit of 3.49 billion euros. At the end of 2022, Daimler Truck Holding AG employed around 104,416 people worldwide. SAP currently leads the DAX with the highest market capitalization of 196.72 billion euros.

It remains to be seen whether the downward trend in Daimler Truck shares will continue or whether there will be a recovery. The price development is closely followed by investors in order to make possible investment decisions. Because the global economy and the commercial vehicle manufacturing industry are volatile, price movements can change quickly and pose challenges for investors.