US Volkswagen shares rise after WSJ report on talks on listing of minority shareholding in Porsche

US listed shares of Volkswagen AG VWAGY,
+ 2.94%
OATH,
+ 3.02%
rose 2.6% in record territory on Thursday trading, after The Wall Street Journal reported that the German carmaker was in early talks on listing a minority shareholding in its subsidiary Porsche. Action Porsche Automobile Holding SE from USA POAHY,
+ 4.33%
PAH3,
+ 5.15%
increased by 4.2% to a maximum of 13 months. Citing people familiar with the matter, the WSJ report said that while discussions about a list had resurfaced over a period of several years, they had recently taken on a new quality. If a list appears, it may not happen until next year, according to the WSJ report. Volkswagen shares have risen 17.6% in the last three months and Porsche shares have risen 11.6%, while iShares MSCI Germany ETF EWG,
+ 0.03%
gained 8.2% and the S&P 500 SPX,
-0.58%
advanced by 9.2%.