Here’s What Analysts Are Saying as Wirecard Scandal Deepens

Wirecard shares tumbled as much as 50% in early trading, extending last week’s plunge, after the company said the missing 1.9 billion euros ($2.1 billion) from its balance sheet probably doesn’t exist and withdrew its latest set of financial results.

While the number of analysts still covering the stock is dwindling, Bank of America cautioned that the shares will remain volatile and will be influenced by newsflow from stakeholders, noting that Wirecard could be ejected from Germany’s blue-chip DAX Index.