VW SHORT SQUEEZE SERIES

Not only affluent individuals and established institutions contribute. If there is one lesson to be learned from the Volkswagen affair, it is that market manipulation may come from any side. 'Hardly a single other German corporate dynasty acts in such unpredictable and relentless way as the Merckle clan from Blaubeuren.'įorbes recently ranked Merckle as the fifth-richest person in Germany, with a fortune worth an estimated $9.2 billion.Īccording to Forbes, Merckle's fortune was inherited from his Bohemian grandfather, but he has nurtured a chemical wholesale company, Phoenix Pharmahandel, into the largest pharmaceuticals wholesaler in Germany, with annual sales of €21.6 billion. VW Short Squeeze One company defied predictions and flourished in the middle of the 2008 economic collapse. 'Adolf Merckle collects companies like others collect watches,' wrote Manager Magazin, in one of the few extensive portraits of the German billionaire. He has assembled a business conglomerate with about 100,000 employees and €30 billion in annual sales. MANHATTAN (CN) - A federal judge dismissed a 2 billion lawsuit filed by a group of 39 hedge funds, claiming that Porsche cornered the market on Volkswagen. Its share price rocketed to just over 1,000 euros from 210 euros in two trading sessions after rival Porsche made a surprise stakeholding announcement that sent short sellers of VW shares running. It appears that the previous 2008 Volkswagen squeeze was considered by traders as an indication that the stock was sensitive to being squeezed again in 2021.

VW SHORT SQUEEZE SERIES

The biggest short squeeze in history occurred in 2008 when Porsche embarked on an unexpected series of maneuvers that left it controlling a huge percentage of Volkswagen’s (VW) stock. In 2021, the price of Volkswagen stock spiked during the so-called meme stock short-squeeze that affected the share price of companies such as GameStop (GME) and AMC Entertainment (AMC). LAWRENCE A short squeeze happens in the market when investors bet against a stock that aggressively increases in price, causing these sellers to cut losses and exit their positions.

Ratiopharm and HeidelbergCement are just two companies in Merckle's vast portfolio, which also includes a maker of grooming vehicles for ski slopes, a sugar refinery and one of Germany's oldest foundries. New analysis reveals how Porsche-VW 'short squeeze' distorted the stock market.

The losses have fueled speculation that the industrialist could sell the generic drug company Ratiopharm or part of his stake in HeidelbergCement, both of which are based in Baden-Württemberg.

Vw short squeeze