Thyssenkrupp Slumps 7.5% as Investors Digest Hungarian Job Cuts and Italian Stake Sale
21.06.2026 - 16:14:03 | boerse-global.de
Miguel Lopez is methodically stripping away non-core assets and retooling Thyssenkrupp’s operations, yet the market response has been a sharp sell-off. The German conglomerate’s stock closed at €10.51 on Friday, wiping out 7.49% over the week and landing it among the weakest performers in the MDAX alongside Salzgitter and United Internet. Eight of the last ten trading sessions finished in the red.
The Duisburg-based group is pressing ahead with a reorganisation of its Automotive Technology division in Hungary. Roughly 200 positions in development-related functions are expected to be eliminated, while around 60 new roles will be created in global support functions at the Budapest site. A new international test centre for springs and stabilisers is also being built in Debrecen. The moves are a response to shifting customer requirements, patchy demand, and persistent cost pressures.
At the same time, Lopez has completed another portfolio clean-up. Thyssenkrupp sold its remaining 15% stake in Italian stainless steel producer Acciai Speciali Terni (AST) to partner Arvedi, generating a cash inflow in the high double-digit millions. The chief executive continues to shape the company into a financial holding, with further disposals expected.
Should investors sell immediately? Or is it worth buying Thyssenkrupp?
Technically, the stock is now testing a critical near-term level. The 50-day moving average sits at €10.36, just 1.43% below Friday’s close. A break below that would likely intensify short-term selling pressure. The 200-day average, currently at €10.04, offers a more distant floor — as long as the share price holds above it, the longer-term trend remains intact. The relative strength index of 44 points to neither overbought nor oversold territory.
Analysts remain broadly bullish despite the recent weakness. The average price target stands at €12.61, with estimates ranging from €9 to €15, and five of the six analysts covering the stock recommend buying. The medium-term catalyst, they argue, remains the Marine Systems division, which is positioning itself for future European defence alliances following the collapse of the Franco-German FCAS fighter programme.
Year-to-date, Thyssenkrupp shares still show a gain of 8.61%, and over twelve months the advance is roughly 23%. But the annualised volatility of 41% underscores how quickly sentiment can turn. Monday’s session will provide the first test: with no company-specific news on the calendar, the share price will likely take its cue from broader industrial sector sentiment and moves in raw material prices.
Ad
Thyssenkrupp Stock: New Analysis - 21 June
Fresh Thyssenkrupp information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
