Volkswagen's Preferred Shares Hit 77.94 Euros — A Technical Oversold Signal Meets a Fundamental Overhaul

Volkswagen preferred shares slide to €77.94, down 26% YTD, with oversold RSI at 25.9. CEO Blume targets €6B savings by 2030 amid restructuring and job cuts.

The preferred shares of Volkswagen AG touched a new 52-week trough of 77.94 euros on Monday, extending a slide that has now erased roughly 26% of the stock’s value since the start of the year. The session low came just days before the company's dividend payout is scheduled to hit shareholder accounts, adding a technical layer to an already punishing sell-off.

Investors who held the shares through the record date will receive 5.26 euros per preferred share on June 23, 2026. The corresponding ex-dividend adjustment — a standard price reduction to reflect the cash leaving the company — was applied last Friday and contributed to the latest leg lower. Yet the downward pressure clearly runs deeper than any calendar effect.

The stock’s relative strength index has fallen to 25.9, a reading deep in oversold territory that often tempts bargain hunters. That signal, however, has so far failed to spark a meaningful bounce. The share price now sits roughly 17% beneath its 200-day moving average, underscoring how far the equity has drifted from its longer-term baseline. At current levels around 78 euros, the stock is only cents above Monday’s nadir.

Blume’s Candid Assessment

CEO Oliver Blume used the annual general meeting on June 18 to lay out the scale of the challenge. The coming years would be “decisive,” he warned, as the Wolfsburg-based automaker navigates geopolitical tensions, intensifying competition and rising trade barriers. Stagnation in global car markets, he said, is a realistic scenario.

Volkswagen’s response is a sweeping restructuring effort. The company has already carved out roughly one billion euros in savings through new collective bargaining agreements and headcount reductions. The ultimate target is to achieve net annual cost reductions of six billion euros by 2030 — a goal that requires cutting up to 50,000 jobs in Germany alone. Management has acknowledged that cost-cutting alone will not suffice; the business model itself must be transformed.

At the same meeting, executives outlined an operating margin target of 8% to 10% by the end of the decade. For now, the capital market is largely ignoring those long-range ambitions, choosing instead to focus on near-term headwinds battering the automotive sector.

New Revenue Streams and the Next Catalyst

Even as the restructuring drives the narrative, Volkswagen is exploring fresh sources of income. Together with its energy and mobility unit, Elli, the group plans to launch a vehicle-to-grid offering for private customers in Germany. The service would allow electric-car owners to feed power back into the grid and generate additional revenue. Pre-registration opened in June 2026, and the commercial launch is slated for the fourth quarter of the same year.

Whether such initiatives can stabilise the share price in the short term remains an open question. The market’s attention will soon shift to a concrete milestone: the publication of Volkswagen’s half-year financial report on July 24, 2026. That report will provide hard numbers on the progress of the restructuring. If the figures disappoint, analysts warn the stock could break decisively below its year-to-date lows, leaving the oversold signals as a mere footnote in a longer downtrend.