Stellantis shares are trading lower after the company reiterated its FY24 guidance. The company's CFO said the company front-loaded R&D Investments to 2024.
Portfolio Pulse from Benzinga Newsdesk
Stellantis shares are trading lower after the company reiterated its FY24 guidance and announced front-loaded R&D investments for 2024.
June 13, 2024 | 3:17 pm
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NEGATIVE IMPACT
Stellantis shares are trading lower after the company reiterated its FY24 guidance and announced front-loaded R&D investments for 2024.
The reiteration of FY24 guidance and the announcement of front-loaded R&D investments suggest increased expenses in the short term, which may concern investors and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100