Volkswagen stock price surge, Hedge funds lost

Porsche announced on Sunday that it aims to take a 75% stakeholding of Volkswagen shares. Volkswagen stock were fueled once people heard the news and rose from 210.52 Euro on friday to 945 Euro on closure today, 28th. October.
This equals a rose than four fold rise over just two days. Speculators who had bet on a fall in the stock of VW has been hurt strongly.

As a result the DAX index of German stocks rose unexpectedly as much as 10 percent on Tuesday, but would actually be down due to recession fears.

Germany’s market watchdog BaFIN is now taking a close look at the trading but did not launch a formal investigation yet.

Hedge funds lost up to €15 billion in just one day on Monday as VW stock prices ... The spectacular surge in Volkswagen's share price has burned speculators who had ...

Frankfurt - A shortage of shares in Volkswagen drove the stock price so high Tuesday that the German carmaker was theoretically the world's most valuable corporation. ...

Speculators have lost billions in the current surge of Volkswagen's stock. ... Hedge funds lost up to €15 billion in just one day on Monday as VW stock prices ...

A shortage of shares in Volkswagen drove the stock price so high on Tuesday that the ... "analysing" the price surge, which caused panic among hedge funds, which usually make ...

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28 Oct, 2008 Hot Topic | Hot Topic,