Eckert & Ziegler: share weak before the market – that’s the reason

Share prices of Eckert and Ziegler are weak: while XETRA closed at €55.30 on Monday, Tradegate’s current prices are only €51.05/€51.15. The current stock issue is said to be the cause of the weakness. According to the stock exchange, 1.1 million share certificates at a price of 7-50 euros are being given to investors in connection with the intended share issue. So far, Eckert and Ziegler have not announced anything about the investment, which is in the double-digit million. Update at 9:26 a.m.: It’s not clear who the investable shares are apparently coming from. The current stock investment is depressing the stock price of Eckert and Ziegler. Once the placement is complete, however, things can stabilize. However, due to the price decline, shares of Eckert and Ziegler (WKN: 565970, ISIN: DE0005659700, Chart) are at risk of receiving technical sell signals. Small support around 51.85/52.70 euros remains below this morning. The 200-day line, currently at € 9.63, has another technical support zone with limits of € 8. 0/€ 9. 0. Strong support should rise below EUR 7.75 at the latest. Eckert and Ziegler Stock Technical Chart Data Stock Last Price : EUR 55.30 (Exchange: XETRA Frankfurt) Bollinger Bands 20 (Below / Above): EUR .01 / EUR 59. 9 EMA 20: EMA 20 . euros EMA 200: 9.63 euros