Thyssenkrupp whipsawed in early Frankfurt trading, falling more than 6% after the open and then recovering quickly. The shares rose 0.6% as of 9:26 a.m. local time.
“Short-term this might disappoint some investors, thinking that the transformation is losing steam,” said Christian Obst, an analyst at Baader Bank AG. Holding on to the unit makes sense for now, he said.
Read the full article here. The author is William Wilkes (Bloomberg).