Daimler’s Stock Rallied Post Earnings, Will It Continue?
Daimler AG(OTCMKTS: DDAIF), manufactures and distributes automobiles across the world under the brands Mercedes-Benz and Daimler. It saw its stock rise by 3.6% to $96 over the last five trading days. In comparison, the Trefis Daimler’s Valuation is $97. The broader S&P500 rose by 0.7% over the last five trading days. After a turbulent 2020 for the automobile sector Daimler saw recovery continuing in Q1 2021 – sales volume went up by 13% y-o-y to 728K units while revenue for the quarter was €41 billion, up 10% y-o-y. Is DDAIF stock poised to grow? We believe that there is a 53% chance of a rise in DDAIF stock over the next week (five trading days) based on our machine learning analysis of trends in the stock price over the last ten years. See our analysis on Daimler AG Stock Chances Of Rise for more details.
Five Days: DDAIF 1%, vs. S&P500 0.7%; Outperformed market
(42% likelihood event)
Daimler AG stock rose 1% over a five day trading period ending 6/8/2021, compared to the broader market (S&P500) which rose 0.7%
A change of 1% or more over five trading days is a 42% likelihood event, which has occurred 1059 times out of 2516 in the last ten years
Ten Days: DDAIF 3.4%, vs. S&P500 0.9%; Outperformed market