Porsche Stock Pops in First Day of Trading and Volkswagen Drops. Here’s Why.

Sometimes markets can be funny.


Porsche


stock was rising while


Volkswagen


which owns most of


Porsche


stock, was falling. That reaction is likely to confuse some investors.

The IPO of Dr Ing HC F Porsche, which is better known as just Porsche, is now complete and Porsche shares have begun trading under the very appropriate, and cool, stock symbol “P911.”