Continental AG (#CON) Stock Price, Live Chart & Analysis | Trade #CON
Continental AG is a German automotive parts manufacturer. The company operates in more than 50 countries around the world. Its clients include all major car manufacturers, such as Ford, Mercedes-Benz Group AG, Volvo, Volkswagen, BMW and others.
Financial statements have a major impact on the Continental AG stock. Positive reports may lure additional investment and make the CON price rise.
When trading Continental stocks, special attention should be paid to fundamental analysis. Positive financial statements can lead to an increase in the CON price. Important acquisitions may also be viewed as bullish factors for the stock price. In 2021, Continental acquired a minority stake in Recogni which develops autonomous driving technologies. The deal had a positive impact on the CON price.
It is also important to follow the industry news and official statements from Continental AG. Negative profit forecasts may bring down the stock of the company. In 2018, Continental AG announced a cut in its profit forecasts due to falling sales of passenger cars in Europe and China. As a result, the CON stock price fell by 14%, as did the assets of its competitors Valeo, Michelin and Faurecia.
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SellBuyActive SellActive Buy
| Sell | 61.06 |
| Buy | 61.1 |
| 1-day change | 5.5(9.90%) |
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#CON (#CON) shares’ cost is $61.1 for today. The highest rate of shares #CON (#CON) for today is $61.4000, the lowest price is $60.9000. The opening price was $61.01.
A real-time chart for #CON (#CON) shares quote is provided below.
Price chart of #CON in real time mode
Available in trading accounts:
- ECN
- CLASSIC
Prev. Close60.97
Day's Range60.9000 - 61.4000
Opening61.01
52 wk Range51.48-78.38
Volume69,862
Shares Outstanding200,005,983
Average Volume104,754
Market Cap12.22B
1-Year Return-9.41%
EPS4.09
Beta1.53
Revenue40.48B
P/E Ratio14.94
Dividends2.20(3.59%)
Next Earnings Date2024-11-11
Spread0
Swap Long-6
Contract size1
Swap Short2.5
Stop&Limit Level0
Interesting facts about the #CON (Continental AG)
Continental AG was established in 1871 as a joint stock company (Continental-Caoutchouc- und Gutta-Percha Compagnie). In the beginning, it manufactured soft rubber products, rubberized fabrics, and solid tires for carriages and bicycles.
The company went public in 1897. Their major stock symbol is CON, while you can also find it under the ticker CONG.
Continental's shares are traded on Frankfurt, Hamburg, Hanover and Stuttgart stock exchanges, and other unofficial stock exchanges in Germany and Europe. They are also a part of a sponsored US ADR program on the over-the-counter (OTC) market.
In 1913, the company published its first edition of the customer magazine "Echo Continental". A young author, Erich Maria Remarque, and artist, Paul Kaufmann (alias Caspari), were among the first contributors.
It's believed that Continental's stability is based on its division into four group sectors: Automotive, ContiTech, Tires, and Contract Manufacturing. This structure was established on January 1, 2022.
It can be said that the stock price is highly volatile. Numerous factors affect its value, especially those that can cause production disruptions. In April 2022, the share's value fell back to the levels of April 2020 due to the conflict between Russia and Ukraine and the company's forecast of the decline in year-to-year global production growth of passenger cars and light commercial vehicles from 6%-9% to 4%-6%.
Aside from financial data, traders should consider the company's reputation. It can be said that Continental is rarely involved in scandals or court cases. However, it's not a reason to avoid this factor that can lower the CON stock price. The majority of cases are related to employment, safety, competition and environmental issues.
You should also check what indices consider the company for their calculation. Continental AG is a part of global stock indices, including DAX, Prime All Share, Prime Automobile, and NISAX.
It's also important to know how the corporation contributes to the ESG issue. In 1991, it became the first manufacturer to launch an environmentally friendly passenger tire. Today, the firm has a comprehensive sustainability framework involving carbon neutrality, emission-free mobility and industry, a circular economy, and a responsible value chain.
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