The DAX index has had a difficult start of the year as investors remain concerned about the German economy. It is trading at €15,772, which is about 3% below the highest level this year. It has underperformed the FTSE 100 index, which has been in a strong bullish trend. Here are the worst-performing stocks in the index.
Sartorius is a biopharma company that entered the DAX index during last year’s reshuffle. The company manufactures some of the most important items that are used in the pharmaceutical industry. They include process filtration, benchtop bioreactors, protein analysis, and live cell imaging solutions.
It has a total market capitalization of €30 billion and annual revenues of over €3 billion. The Sartorius share price has collapsed by over 25% this year and is trading at the lowest level since June last year. This performance is mostly because investors are concerned about the company’s growth and its valuation.
Delivery Hero is another new DAX index constituent that has struggled lately. The Delivery Hero share price has crashed by over 21% this year and is trading at the lowest level since May 2020. It has collapsed by over 45% from its highest level this year.