Rheinmetall AG shares dropped to a 52-week low on May 13, 2026. The stock traded ex-dividend for a scheduled payment of €11.50 per share. This technical price adjustment triggered the intraday decline.

The stock remains under pressure following a first-quarter earnings report that missed analyst expectations. JPMorgan also recently downgraded Rheinmetall to a Neutral rating.

Rheinmetall submitted a non-binding offer to acquire German Naval Yards Kiel. This strategic move targets significant expansion within the company's new naval shipbuilding division.