June 18, 2020, will be sadly remembered for the second-worst single-day stock collapse in the German stock market with the stock of DAX member Wirecard (WRCDF) (WCAGY) collapsing over 70% intra-day and closing down more than -60%.
Source: onvista.de
This seismic event has sent shockwaves throughout the German marketplace with hundreds of thousands of investors literally getting wiped out. But what happened?
Source: dw.com
June 18 should have been a great day for Wirecard with the company finally expected to release its 2019 audited financial statements after multiple delays and a