What is Volkswagen AG?
Volkswagen AG was founded in 1937 and is headquartered in Wolfsburg, Germany. The automobile company was originally started by a political party, the German Labour Front, and was tasked with mass producing an affordable vehicle for the German people. The company quickly became part of the German war manufacturing effort at the start of the Second World War.
At the end of the war there were multiple efforts made to sell the company to American and British competitors as part of German reparations. However, as these deals failed to materialise the company survived by producing vehicles for the British army. Production of the iconic Volkswagen Beetle slowly began to ramp up after the company was handed back to the German government in 1948.
In 1960 the German government floated their stake in the company on the national exchange and the modern, public version of Volkswagen began to take shape. Known as the Volkswagen Group internationally, the company operates 125 production plants in 20 European countries and an additional 11 outside Europe. Operating in four main segments − passenger cars and light commercial vehicles, commercial vehicles, power engineering and financial services − it has grown to over 670,000 employees and sells its vehicles in 153 countries. The company provides products under the Volkswagen, Audi, A Koda, SEAT, Bentley, Porsche, Scania, MAN, Lamborghini, Ducati, Bugatti, MOIA and Traton brands.
Past performance of VOW3 stock price
Volkswagen stock trading began in August 1961 on the Frankfurt Exchange at an initial price of 350 Deutsche Marks per 100 shares. Volkswagen AG shares are now listed on multiple German exchanges including Berlin, Düsseldorf, Hanover, Munich, Hamburg and Stuttgart, as well as international exchanges in Basle, Geneva, Zürich, Luxembourg, London and New York.
There have been two stock splits in the history of the company, on March 17, 1969 at a ratio of 2:1 and July 6, 1998 at a ratio of 1:10. There are currently more than 501 million shares outstanding. The Volkswagen share price reached its 52-week high of €187.74 on December 13, 2019 prior to falling to €79.38 on March 19, 2020 in the wake of the coronavirus pandemic market crash. The company entered 2020 still reeling from the emissions scandal which erupted in 2015, which proved that the company knowingly skewed its emission reporting data in order to circumvent environmental laws. The scandal severely tarnished the image of the company as an environmental steward and has led to a pledge to shift towards electric vehicles and become carbon neutral by 2050. The Volkswagen share price has recovered from the March low and the most recent price can be viewed on the price chart. Investors remain optimistic and continue to invest in Volkswagen stock as the company reinvents itself for the future.
How to invest in Volkswagen stock?
VOW3 trading primarily occurs on the Frankfurt Exchange although it is also listed on the multiple exchanges mentioned previously as well. Volkswagen is also a constituent of major indices like the DAX, CDAX and S&P Global 100. Traditionally, those looking to invest in Volkswagen stock would purchase shares or an index which includes VOW3. Traders are also able to purchase derivatives based on VOW3 stock such as CFDs (contracts for difference) or options.
Traders using the Currency.com tokenised trading platform can profit from upward or downward movements in the Volkswagen share price without having to invest directly. The crypto derivatives value is linked to the value of a particular asset, in this case the VOW3 price today. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving on exchange fees. The utilisation of this technology allows for tokenised assets trading to be efficient, inexpensive, and secure.
When trading tokenised stocks you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the price will decrease you can short the tokenised stock; if you think it will increase you can take a long position. Trading in tokenised assets on Currency.com also allows for traders to benefit from the leverage offered on the platform, up to 1:100.
Tokenised Volkswagen stock trading guide
Trading tokenised Volkswagen shares is no more difficult than regular stock. To begin trading tokenised assets, you will follow need to follow some simple steps:
- Register for an account with Currency.com.
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- Determine the position size desired, accounting for leverage offered by Currency.com.
- Determine your trading position (long or short) based on expected share price movement and purchase tokenised Volkswagen shares derivatives. Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com, LMAX Digital or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- Close your position when applicable. You can set a take-profit or stop-loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.
Why trade tokenised Volkswagen shares with Currency.com
Volkswagen stock trading at Currency.com tokenised assets exchange has a number of advantages. Tokens are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
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