Wirecard Jumps Most in Week as CEO Unfazed by Zatarra Report
- German payments processor rises as much as 8.9% in Frankfurt
- Regulator investigating Feb. 24 stock plunge for manipulation
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Wirecard AG had its biggest jump in a week in Frankfurt after its chief executive officer said a report from a short seller that had accused senior management of wrongdoing isn’t hurting the company’s business.
Wirecard surged as much as 8.9 percent after CEO Markus Braun said he sees no impact on the company’s operational business from a report by Zatarra Research, which on Feb. 24 caused Wirecard shares to fall as much as 25 percent.