Daimler's (DDAIF, DMLRY) stock has been going nowhere the past three years, as the German automobile pioneer has had to deal with regulatory challenges, high scandal-related expenses and increasing R&D budgets.
(Source: Daimler Investor Relations)
Daimler has been beaten down to a multi-year low in June before a sudden shift in sentiment has seen the stock rise by 20% over the last three months.
What's going on at Daimler?
Last week though, the stock pulled back sharply from its recent rally after Daimler announced a new cost reduction program in order