Business - Market Data
Updated: March 18, 2021

Volkswagen Shares On Course For Best Winning Streak Ever

By Oluwatosin Ogunjuyigbe
March 18, 2021
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Volkswagen's shares were up on Thursday, putting its rally on course for a fourth-day win and an eventual best winning week ever as investors continuously show confidence in the company's plan to overtake Tesla in the electric vehicle market.

The automaker has now surpassed software group SAP to become Germany's most valuable stock, reaching a market cap of over $169 billion according to data from companiesmarketcap.com as institutional and retail investors kept on pumping the company's stocks this week.

Volkswagen’s main shares were up 4.6 percent by 09:31 am WAT, almost reaching its all-time high and up 27 percent on the week.

Volkswagen’s American depositary shares (VWAGY) jumped by almost 30 percent yesterday and have soared from $27.77 on Friday, March 12 to $42.33 at the close of trade on Wednesday, March 17.