Adidas Shares Surge as Company Recovers in Stock Market

Stock market share price

Adidas shares: company recovers

Status: 29.09.2023 | Reading time: 2 minutes

Adidas shares: things are going uphill again – the index remains well behind Adidas

Source: dpa-infocom GmbH

The top of the Dax includes Adidas, among others, with an upward movement of 6.95 percent.

An hour and a half before the end of trading in Frankfurt, the Bavarian sporting goods manufacturer was quoted at 167.76 euros, while the closing price on the last trading day was 156.86 euros. Adidas is heading back up after previous losses, and it remains to be seen whether the gains will continue in the coming days.

With first place and an increase of 6.95%, Adidas is currently in the top third of the Dax, which is moving up by 1.10% overall.

An hour and a half before the end of trading, the stock had a trading volume of 536,203 shares traded. A total of 501,685 securities were traded on the previous trading day.

The Bavarian sporting goods manufacturer’s shares are 11.05 percent below their 52-week high, which was 188.60 euros. The 52-week low was 93.01 euros.

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Adidas AG is in the middle of the DAX: When forming the DAX of the Frankfurt Stock Exchange, it is in 20th place with a share of 1.64%. This is due to the market value of the Bavarian sporting goods manufacturer: All freely available Adidas shares currently have a value of 28 .01 billion euros. For comparison: Linde currently has the highest stock market value in the Dax with a market capitalization of 174.84 billion euros. In the financial year that ended December 2021, Adidas AG recorded sales of 21.23 billion euros and a profit of 1.99 billion euros. At the end of December 2021, the company had around 57,334 employees worldwide.

Data: EOD Historical Data / As of: Friday, September 29, 2023, 4:03 p.m

This article was created automatically. For this purpose, data from EOD Historical Data is analyzed by digitaldaily and evaluated in a stock market report. The course dates may be delayed.

2023-09-29 16:00:32
#Adidas #share #Company #recovers #DAX #companies #lag #Adidas

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