Volkswagen was the most valuable company in the world only 1 day

The company's history is a period when Volkswagen was on the "top of the world": the German company became the most valuable company in the world, really - just for one day.

The day of triumph for the auto giant came when many shareholders because of not very bright prospects for development have sold their shares. Brokers, slowly, bought the shares at the time of reduction of their positions in the global stock market and even the bettors, who will be able to purchase them at the lowest price. At that time it was thought that the main shareholder, Porshe, owns a 48% stake.

When Porshe unexpectedly announced that it secretly bought shares in the proportion of 74% of the concern it has caused panic among the speculators, which led to a spike in market value. Former shareholders were forced to buy back its shares at a price five times higher than the original, but the action is almost impossible to buy freely. And Volkswagen was the most valuable company in the world: 74% of its shares from Porshe estimated at $ 127 billion, whereas the very Porshe was worth only $ 11 billion. However, the next day a trick no longer work, and the value of shares has fallen.

If you are going to become a player on the exchange, make sure that have a correct knowledge of the situation on the securities market, and do not rush to conclusions.

via factroom.ru