Shares of Stellantis N.V. (NYSE:STLA) traded at a new 52-week high today of $21.99. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.
Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world’s fourth-largest automaker, with 14 automobile brands. For 2020, we calculate that pro forma Stellantis would have had sales volume of 5.9 million vehicles and EUR 132.8 billion in revenue, albeit substantially affected by COVID-19. We see limited geographic overlap as Fiat Chrysler’s major markets were North America, Italy, and Brazil, while PSA Group’s major markets were France, the United Kingdom, Germany, and Argentina.
Stellantis N.V. share prices have moved between a 52-week high of $21.99 and a 52-week low of $14.88 and are now trading 47% above that low price at $21.95 per share.
Stellantis N.V. (NYSE:STLA) is currently priced 99.6% above its average consensus analyst price target of $0.10.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer