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No other German stock, apart from Bayer (BAYZF) recently, has dominated financial news headlines in the manner Wirecard (WRCDF, WCAGY) has managed to do in February and March this year.
Source: Wirecard
An unprecedented and unparalleled storm of bad news and rumors launched by the Financial Times has pushed Wirecard stock in a massive whipsaw price range between €85 and €165. Uncertainty regarding the potential size and impact of round-tripping and corruption and related potential impact on the company's financial statements have freaked out investors and created a mouth-watering buying