RHM
📉 European defense stocks, including Rheinmetall, faced significant pressure during the market sell-off, highlighting sector vulnerability to broad risk aversion.
🎢 Rheinmetall experienced extreme intraday volatility, plummeting over 27% before recovering sharply to a much smaller loss, showcasing market nervousness.
🤔 Despite a strong year-to-date performance, the sharp, albeit partially recovered, drop indicates potential instability or profit-taking in the defense sector during market stress.
@bernardodegarcia:
“Let’s look at European stocks. Rheinmetall. I never know if I write it with the first… Oh, what a good bounce. Look, there you have it. Rheinmetall was trading today at €933, and there it is right now, well, about… no joke, this is a 30%, a bit more or less, 30% intraday movement. But well, earlier, defense stocks suffered the worst consequences of Monday’s sell-off wave in European stock markets, as a widespread flight from risky assets weakened the region’s best-performing sector throughout the year. German Rheinmetall fell more than 27%, the largest daily drop in its history, before quickly reducing the fall to 2%, which it is currently at right now. Other stocks that also fell, we have Thales SA, which is French. Thales, there we have it, which has practically the same chart. We have the Italian Leonardo, we have the Swedish Saab. Saab also had a tremendous rally. Well, all these defense companies did quite well, and there you have them, right?”
Watch the exact part of the video where @bernardodegarcia talks about Rheinmetall AG here:
Watch the video on YouTube
Read more articles analyzing Rheinmetall AG (RHM) at the following link. RHM stock.
