Voestalpine Shares Approach Annual Peak on Strategic and Analyst Support

The Austrian steelmaker’s stock is demonstrating formidable momentum. Since the start of the year, the share price has surged by over 106 percent, positioning it as one of the market’s standout performers. Currently trading just cents below its annual high, the equity is being propelled by a combination of strategic corporate action and favorable commentary from a major financial institution.

A key development for long-term valuation emerged this week from the company itself. Voestalpine’s management confirmed that a convertible bond issued in 2023 will be settled using treasury shares, which were acquired through previous buyback programs, rather than through the issuance of new stock.

This decision Read more...