Vonovia share: Big profits continue

Vonovia share: Big profits continue

Vonovia shares recorded significant gains for the second day in a row, resulting in an upward movement of 4.89 percent. This placed the Bochum housing company at the top of the Dax with a price of 27.43 euros. Overall, the Dax moved down by 0.47 percent, while Vonovia was in the top third of the index. With a trading volume of 3,061,634 shares traded one and a half hours before the close of trading, there was active interest in Vonovia shares. At this point, the price was 6.38 percent below the 52-week high and had a 52-week low of 16.24 euros.

The excellent price development of the Vonovia share contrasts with the overall movements of the Dax, which moved downwards that day and was therefore unable to keep up with Vonovia's big gains. With a market value of 21.40 billion euros and a weighting of 1.21 percent in the Dax, Vonovia plays an important role in the German stock market index. In the financial year that ended in December 2022, the company recorded sales of 5.40 billion euros and a profit of 5.00 billion euros. This underlines Vonovia's strength and stability in the German market.

The future of Vonovia shares remains uncertain, despite the positive developments in recent days. Investors and analysts are watching closely to see whether profits can be maintained in the coming days. Vonovia's solid performance is also reflected in the company's key figures, which point to a strong position in the real estate sector. With a clear competitive advantage and a solid financial basis, Vonovia could continue to be an attractive investment for investors.