What caused the AAM.SW stock volume spike today?

The spike combined a gap open from **CHF31.96** to an intraday high **CHF35.20**, unusually high relVolume **278.25**, and pre-earnings positioning. No single press release explained the move, suggesting flow-driven or block activity ahead of the 20 Feb 2026 earnings.

Is AAM.SW stock overvalued given its fundamentals?

Valuation shows mixed signals: EPS **-1.21** and PE **-29.09** versus EV/EBITDA **41.06**. Compared with Basic Materials peers, metrics are stretched and price-to-book is elevated, so many analysts flag valuation risk despite intraday momentum.

What are reasonable short-term price targets for AAM.SW stock?

Short-term targets: conservative **CHF35.00**, tactical **CHF38.00**, downside buffer **CHF30.00**. Targets reflect intraday structure and current momentum; adjust positions if volume does not confirm continuation on SIX.

How does Meyka AI rate AAM.SW stock and what does the forecast show?

Meyka AI rates AAM.SW with a score out of 100: **63.01 | Grade: B | Suggestion: HOLD**. Meyka AI's forecast model projects a 12-month level near **CHF23.52**, which implies downside from the current price; forecasts are model-based projections and not guarantees.

CH Stocks

CHF35.20 intraday high for Anglo American (AAM.SW) on volume spike 04 Feb 2026: trade signals ahead

ByHuzaifa Zahoor February 4, 2026February 4, 2026

We saw a sharp intraday move as Anglo American plc (AAM.SW) jumped to CHF35.20 on the SIX market on 04 Feb 2026 after a volume spike and a gap open from CHF31.96. The spike shows relVolume 278.25 versus an average volume of 4.00 shares, a classic signal for active traders. This AAM.SW stock note explains what drove the move, the technical picture, short-term price targets, and how earnings and sector context link to the price action.