paragon comments on current jumps in the share price
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EQS-News: paragon GmbH & Co. KGaA
/ Key word(s): Statement
paragon comments on current jumps in the share price
Delbrück, March 20, 2025 - paragon GmbH & Co. KGaA [ISIN DE0005558696] has noticed conspicuous movements in its share price today. On March 19, 2025, the share price temporarily rose by more than 100% compared to the previous day's closing price, only to lose 20% again. According to the management, a search of online chats in social media documents that there was collusion between individual market participants to illegally manipulate the share price. The aim of such a "pump and dump" action, as those responsible for it call it, is to artificially generate a very high price increase. As soon as other shareholders are encouraged to invest in the share, the initiators make a massive profit from a bet on falling prices, as the shares they have purchased are suddenly thrown onto the market. As you can see from the chat, other shares are also affected. paragon expressly emphasizes that no events within the company can be responsible for the abrupt rise in the share price and has therefore informed the German Federal Financial Supervisory Authority (BaFin) the incidents as a precautionary measure and sent it the suspicious chat histories. With this publication, paragon wishes to inform its shareholders and protect them from losses caused by such machinations. About paragon GmbH & Co. KGaA paragon GmbH & Co. KGaA (ISIN DE0005558696), which is listed on the regulated market (Prime Standard) of Deutsche Börse AG in Frankfurt am Main, develops, produces and sells pioneering solutions in the fields of automotive electronics, body kinematics and electromobility. The portfolio of the market-leading direct supplier to the automotive industry includes innovative air quality management, modern display systems and high-end acoustic systems in the Electronics segment. In the Mechanics segment, paragon develops and produces active mobile aerodynamic systems. In the rapidly growing automotive market for battery systems, paragon's Power division supplies battery management systems and traction batteries. In addition to the company headquarters in Delbrück (North Rhine-Westphalia), paragon GmbH & Co. KGaA and its subsidiaries have locations in Suhl (Thuringia), Landsberg am Lech and Nuremberg (Bavaria), St. Georgen (Baden-Württemberg), Limbach (Saarland) as well as in Kunshan (China), Detroit (USA), Bengaluru (India) and Oroslavje (Croatia). You can find more information about paragon at www.paragon.ag. Contact capital market paragon GmbH & Co. KGaA Klaus Dieter Frers Bösendamm 11 D-33129 Delbrück Phone: +49 (0) 52 50 - 97 62-100 Fax: +49 (0) 52 50 - 97 62-102 E-Mail: investor@paragon.ag Press contact Brigitte Frers Bösendamm 11 D-33129 Delbrück Phone: +49 (0) 52 50 - 97 62-142 Fax: +49 (0) 52 50 - 97 62-102 E-Mail: info@paragon.ag
20.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | paragon GmbH & Co. KGaA |
| Bösendamm 11 | |
| 33129 Delbrück | |
| Germany | |
| Phone: | +49 (0)5250 9762 - 0 |
| Fax: | +49 (0)5250 9762 - 102 |
| E-mail: | investor@paragon.ag |
| Internet: | www.paragon.ag |
| ISIN: | DE0005558696, DE000A2GSB86, |
| WKN: | 555869, A2GSB8, |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2103506 |
| End of News | EQS News Service |
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2103506 20.03.2025 CET/CEST
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