3:48 PM ยท 4 April 2024

Delivery Hero surges 15% as activist Sachem Capital built significant stake in company ๐Ÿ“ˆ

Germany food-delivery giant Delivery Hero (DHER.DE) rallies today as much as 15% after activist fund Sachem Head Capital Fund revealed its 3.4% stake in the company, citing undervaluation and potential changes in the Board because activists may want to join the Board of Directors. The market see this situation as a positive catalyst for the company current valuation and higher chance for profitability in the future. The fund may want to replace current CEO, Niklas Östberg according to Bloomberg anonymous sources. The company surged during 2020-2021 period due to Covid-19 pandemic door-to-door delivery trends, but higher debt pile and lower revenues in the inflation environment, as well as profitability problems made company valuation lower.

DHER.DE (D1)

As we can see, shares price is today above SMA200 (red line) first time since August 2023 and may bring trend reversal. The biggest resistance zone is located at 46 EUR level (23.6 Fibonacci retracement of the downward wave from 2020/2021, and local 2023 highs).

Source: xStation5

15 July 2026, 8:48 AM

Economic calendar: Wednesday brings big Q2 earnings and PPI inflation (15.07.2026)

15 July 2026, 7:25 AM

Morning Wrap: Whatโ€™s next with the Strait of Hormuz, inflation and US interest rates? (15.07.2026)

14 July 2026, 3:17 PM

US Open: Nasdaq 100 gains 1% ๐Ÿ”ผ Software stocks decline, JP Morgan rises after earnings

14 July 2026, 1:52 PM

Software stocks slide on enterprise spending concerns ๐Ÿšฉ Microsoft drops 3%

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits