I was recently alerted to Steyr Motors (4X0.XETRA) due to their order book for supplying engines for the defence industry. They had a meteoric rise in the last couple of days but have since retreated. Does anyone have any insight into what drove the rise and then fall?
There's been some comment in the news about the German market becoming impacted by "meme stock" crazes and retail investor collaboration. Not sure if Steyr is one of them, but a quick scan of X suggests so.
