After Spin-Off, What’s Next For Daimler AG Stock?
- Date: 30-Dec-2021
- Source: Forbes
- Sector:Financial Markets
- Country:Gulf
After Spin-Off, What’s Next For Daimler AG Stock?
11 February 2020, Baden-Wuerttemberg, Stuttgart: The logo of the Daimler AG can be seen at the ... [+] corporate headquarters. (to dpa "Daimler ächzt unter Milliardenkosten") Photo: Marijan Murat/dpa (Photo by Marijan Murat/picture alliance via Getty Images)
[Updated 12/30/2021] Daimler AG Update
Daimler AG’s stock (OTCMKTS: DDAIF) has fallen from $97 at the start of December to $80 currently. The fall is primarily due to the spin-off Daimler’s commercial vehicle business and the subsequent listing of Daimler Truck Holding AG 0n December 10 on the Frankfurt Stock Exchange. Daimler AG will be rebranded as Mercedes-Benz Group AG from February 1, 2022 to emphasize the future focus on cars and vans of the brands Mercedes-Benz, Mercedes-AMG, Mercedes-Maybach, and Mercedes-EQ.
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