Volkswagen jumps 16% to reach 13-year high

Tuesday, 16. March 2021 15:52

Volkswagen shares soared nearly 16% on Tuesday after the company reported better-than-expected earnings results for the last quarter of 2020.

The German carmaker saw an increase in both revenue and operating profit in the fourth quarter, according to the recently published results.

The stocks of Volkswagen jumped by 15.73% to trade for €277 a share at 3:49 pm CET, after reaching €309.40 per share earlier in the session.

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