Covestro AG sell tbackenh
Summary
This prediction ended on 26.10.16 with a price of €50.99. With a performance of -3.24%, the SELL prediction by tbackenh was trending in the right direction. tbackenh has 50% into this predictionCovestro is a German-based multinational polymer company that specializes in the production of high-performance polymers, coatings, and adhesives used in various industries such as automotive, construction, and electronics. Formerly part of the chemical giant Bayer, Covestro became an independent company in 2015 and is now listed on the Frankfurt Stock Exchange. With over 30 production sites, Covestro has a global presence and employs over 16,000 people worldwide. The company's commitment to sustainability and innovation has earned it a reputation as a leader in the polymer industry.
Performance without dividends (%)
| Name | 1w | 1m | 1y | 3y |
|---|---|---|---|---|
| Covestro AG | 3.062% | 3.062% | 22.061% | -16.238% |
| iShares Core DAX® | 4.015% | 2.971% | 16.492% | 19.144% |
| iShares Nasdaq 100 | 2.755% | 0.503% | 40.029% | 50.636% |
| iShares Nikkei 225® | -0.826% | -5.057% | 14.566% | 2.379% |
| iShares S&P 500 | 2.330% | 0.720% | 30.194% | 44.181% |
Comments by tbackenh for this prediction
In the thread Covestro AG diskutieren
Covestro AG
Sell on good News könnte man sagen, aber meiner Meinung nach haben sich die Konjunkturaussichten leicht verschlechtert. Das globale Wachstum dürfte etwas geringer ausfallen und die Dynamik in 2017 läßt nach. Die Erwartungen an die Auto- und Möbelindustrie hätten sich lt. Unternehmensaussage etwas abgeschwächt. Das letzte Quartal war super, der Kurs von 24 auf über 55 EUR gestiegen - seit Börsengang vor einem Jahr, aber es wird die Zukunft gehandelt, für mich heißt das erst einmal Korrektur auf hohem Niveau.