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SAP: share price rises by 1.11%”
With SAP on the rise: Find out why the company is recovering while the DAX cannot keep up. Everything investors need to know. #SAP #share price #Dax
SAP: share price rises by 1.11%”
The SAP share recorded an upward movement of 1.11 percent, making it one of the better-performing stocks in the DAX. At the close of trading in Frankfurt, the software manufacturer's share price was 176.80 euros, which corresponds to an increase compared to the previous trading day. This positive development breaks the previously unclear trend and gives hope for further gains in the coming days.
SAP currently occupies sixth place in the DAX and recorded an increase of 1.11 percent, while the DAX overall only increased by 0.02 percent. The trading volume of SAP shares amounted to 890,340 shares traded an hour and a half before the close of trading, with a total of 2,601,142 shares changing hands on the previous trading day.
The SAP SE share is currently trading 4.16 percent below its 52-week high of 184.48 euros, with last year's low being 118.52 euros. The freely tradable SAP shares currently have a total value of 204.10 billion euros and contribute a weighting of 11.44 percent to the free float market capitalization. In the 2022 financial year, the company achieved sales of 30.90 billion euros and a profit of 7.10 billion euros.
The continued recovery of SAP shares indicates a positive development that is attracting attention from investors and market analysts. It remains to be seen whether the company can continue this growth trend in the coming days.