Rheinmetall AG Stock Performance
Rheinmetall AG, a German industrial conglomerate operating in the automotive, electronics, defense, and engineering sectors, has experienced significant price fluctuations in recent times.
The company’s stock has demonstrated a long-term upward trend, with a year-over-year increase of approximately 292%. The stock reached a record high of 1,944 EUR in June 2024.
Key statistics:
- Record high: 1,944 EUR (June 2024)
- Year-over-year increase: 292%
Despite a decline in the stock price on its last trading day, due to profit-taking among defense-related stocks, Rheinmetall’s expansion plans and full order books are expected to drive its growth. The company’s defense business has benefited from the ongoing defense boom, contributing to its growth prospects.