TeamViewer’s stock slumps as Norway’s fund bets against recovery
TeamViewer’s stock continues to face pressure as investor confidence remains weak. Despite recent product upgrades, including a new vulnerability-detection feature, the company has struggled to win over the market. Now, Norway’s sovereign wealth fund has tied up a portion of its stake in stock market deals, fuelling further concerns about the company’s outlook.
The Norwegian fund currently holds a 4.49% stake in TeamViewer. Of this, 1.50%—around 2.5 million shares—is involved in stock market arrangements. Such moves often signal that institutional investors expect the stock market to decline further, allowing short sellers to borrow and bet against it.
TeamViewer’s stock market is already under strain from broader cybersecurity worries, particularly fears over ‘fileless attacks’. These concerns have weighed on the sector, dragging the company’s share price closer to its 52-week low of €5.42. Technically, the stock market is oversold, with an RSI of 27.6, yet there is little sign of buying interest. Analysts warn that holding the €5.70 support level is critical. A drop below this mark could speed up the downward trend. With short interest already high, the fund’s lending activity appears to confirm that ‘smart money’ sees no quick recovery ahead.
TeamViewer’s recent upgrades have done little to lift investor sentiment. The stock market remains near its lowest point in a year, with weak momentum and technical pressure mounting. If the €5.70 support fails, the decline could gather pace, leaving the company facing even greater challenges in the months ahead.
