Stellantis shares are trading lower. The company on Thursday 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 that it has front-loaded R&D investments to 2024.
June 14, 2024 | 6:20 pm
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Stellantis shares are trading lower after the company reiterated its FY24 guidance and announced that it has front-loaded R&D investments to 2024.
The market is reacting negatively to Stellantis' decision to front-load R&D investments to 2024, which may impact short-term profitability. Additionally, reiterating FY24 guidance without any upward revision could be seen as a lack of positive catalysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100