（Cover image source: Reuters）
Just this Monday, as Volkswagen’s first Power Day ended, American retail investors started buying Volkswagen stock like crazy. According to Eikon data, the trading volume of American Depositary Receipt (ADR) on Tuesday was 12 times the average of the previous 90 days!
Volkswagen’s American stock rose nearly 17% on Monday and Tuesday, while its preferred shares in Frankfurt rose nearly 9% during the same period.
Angelo Meda, stock manager at Banor SIM in Milan, said that the sharp rise in Volkswagen’s ADR was due to the fact that investment institutions prefer trading the highly liquid preferred shares of Volkswagen, and that it was entirely due to American retail investors spotting this brilliantly transformed company.
Fearless American retail investors bought shares of GameStop Corp during the pandemic and confronted the short-selling institutions on Wall Street, which resulted in GameStop’s stock price soaring over 1,600% in just one month.
However, there were not many discussions on Volkswagen on the “memorable stocks” forum WallStreetBets, which is popular among US retail investors.
On the other hand, social media platform Stocktwits, which focus on investment trading, saw a surge of 70% in the volume of Volkswagen-related messages, and 97% of them expressed a positive attitude.
Unlike the “retail investor attacks” on GameStop and AMC in the past, both US speculative institutions and retail investors have their eyes on this European traditional brand.
🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.