Shares of auto companies are trading lower in sympathy with Stellantis, which fell after lowering its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Auto companies' shares are declining as Stellantis lowers its FY24 guidance, impacting the sector.
September 30, 2024 | 11:42 am
News sentiment analysis
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NEGATIVE IMPACT
Ford shares are trading lower in sympathy with Stellantis' guidance cut, reflecting sector-wide concerns.
Ford's stock is affected by Stellantis' guidance cut as investors anticipate potential sector-wide revenue impacts.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
General Motors shares are also trading lower due to Stellantis' reduced FY24 guidance, affecting the auto sector.
General Motors' stock is trading lower in sympathy with Stellantis, as the guidance cut raises concerns about sector performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Stellantis shares fell after the company lowered its FY24 guidance, causing a ripple effect in the auto sector.
Stellantis' decision to lower its FY24 guidance directly impacts its stock price negatively, as it signals potential revenue challenges.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100