Hapag-Lloyd's stock fluctuations draw attention from German authorities

Germany's financial supervisory authority has taken preliminary steps to investigate the dramatic surge and subsequent sudden plunge in Hapag-Lloyd's share price. Alphaliner principal calls the development "totally irrational" and at the same time is puzzled by major shareholders' buying spree.

Photo: PR / HHLA / DIetmar Hasenpusch

The big surge in the stock price of German container line Hapag-Lloyd is drawing attention from the country's financial supervisory authority.

Mid-May, Hapag-Lloyd's stock peaked at a price of EUR 186 and had thereby risen by more than 170 percent, even though the corona crisis put a damper on demand in the container industry.

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