Continental AG says it will separate rubber unit, likely put it up for sale [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
NASDAQ:AMEX Investor Relations:
continental-corporation.com/en/investors/overview
Company Research
Source: Yahoo! Finance
"A sale of the group sector is seen as the most probable strategic option," it said in a statement. The separation is to be implemented after the spin-off of its automotive unit and the sale of its Original Equipment Solutions business, the group said. ContiTech would likely become independent in 2026, it added. The move intensifies a process of splitting off businesses at the German maker of tyres and car parts. Its supervisory board last month formally approved plans for spinning off the group's automotive business, which will have cash funds of 1.5 billion euros ($1.64 billion) before the process is completed. Continental plans a spin-off and subsequent 100% public listing of its automotive unit on the Frankfurt stock exchange, during a tough period for the German car parts and tire maker and Europe's auto industry as a whole. (Reporting by Ludwig Burger, Editing by Friederike Heine)
Show less
Read more
Impact Snapshot
Event Time:
CTTAY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CTTAY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CTTAY alerts
High impacting CONTL AG S/ADR news events
Weekly update
A roundup of the hottest topics
CTTAY
News
- Global Automotive Air Spring Market Driven by Rising Vehicle Comfort Demand, Advanced Suspension Technologies, and a Strong 6.5% CAGR - Market Research Intellect [Yahoo! Finance]Yahoo! Finance
- Rohit Markan Appointed Executive Vice President Asia Pacific For Continental's Industrial Solutions Business [Yahoo! Finance]Yahoo! Finance
- Global Head-Up Display Market Set to Hit USD 7.34 Billion by 2030, Driven by ADAS Demand [Yahoo! Finance]Yahoo! Finance
- Continental (OTCMKTS:CTTAY) was downgraded by analysts at Barclays PLC from a "strong-buy" rating to a "hold" rating.MarketBeat
- Continental plans further restructuring at ContiTech with potential job cuts [Yahoo! Finance]Yahoo! Finance