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Munich Re share price: downward trend continues
Current news about Munich Re shares: Value falls significantly and lags behind Dax. Find out more about the development and the reasons for it. As of: April 26, 2024. Reading time: 2 minutes.
Munich Re share price: downward trend continues
The Munich Re share recorded a downward trend of 2.98 percent, putting it in the bottom third of the DAX. The company's value was 410.60 euros, while on the previous trading day it was 423.20 euros. This continues Munich Re's current downward trend and it remains to be seen whether the losses will continue.
With a loss of 2.98% and its current rank of 39th in the DAX, Munich Re is currently in the bottom third of the index, which has risen by a total of 1.16%. The stock's trading volume an hour and a half before the close was 198,643 shares traded compared to 320,002 the previous trading day.
Münchener Rückversicherungs-Gesellschaft AG is currently trading 9.58 percent below the 52-week high of EUR 454.10, while the 52-week low was EUR 318.80. The company has a number of employees of 42,812 (as of 2022) and is therefore in 11th place in the DAX. With a market value of 57.96 billion euros, Munich Re has a weighting of 3.27% in the index.
In the financial year that ended in December 2022, Münchener Rückversicherungs-Gesellschaft AG achieved sales of 3.30 billion euros and a profit of 3.72 billion euros. For comparison: SAP currently has the highest stock market value in the Dax with a market capitalization of 204.92 billion euros.