4.71000 USD
0.04
0.84%
Last update Dec 16, 3:37 PM EST
Market closed
Day range
4.69000
4.73000
Previous close
4.75
Open
4.73000
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Porsche Automobil Holding SE ADR
4.71
0.04
0.84%

Overview

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Description

Porsche Automobil Holding SE ADR is a financial vehicle that represents shares in Porsche Automobil Holding SE, a German automobile manufacturing company known for its high-performance sports cars, SUVs, and sedans. This asset allows U.S.-based investors to have exposure to the renowned brand and its business operations without needing to directly purchase foreign shares. The ADR, or American Depositary Receipt, facilitates this by enabling shares to be traded on U.S. exchanges, thereby simplifying the investment process for those interested in international markets. The primary function of Porsche Automobil Holding SE is to oversee and manage the operations and strategic investments of its subsidiaries, with a significant degree of its interests being in Volkswagen AG. This relationship with Volkswagen underscores its strategic and business significance within the automotive industry, influencing not only vehicle production but also technological advancements in automotive engineering. Porsche Automobil Holding SE ADR holds a substantial role in international financial markets, offering investors an opportunity to diversify their portfolios with a prominent, globally recognized brand while maintaining ease of trading through the U.S. financial system.

About

CEO
Mr. Hannes Ruoff
Employees
48
Address
Porscheplatz 1
Stuttgart, 70435
Phone
49 711 911 24420
Website
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
United States
MIC code
PINX
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