What's Going On With Stellantis Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Stellantis NV (NYSE:STLA) stock is plunging due to revised fiscal 2024 guidance reflecting North American performance issues and global industry dynamics. The company now expects lower operating margins and negative cash flow. Auto rivals General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F) are also trading lower in sympathy.
September 30, 2024 | 11:46 am
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NEGATIVE IMPACT
Ford Motor Co is trading lower in sympathy with Stellantis' revised guidance, indicating industry-wide concerns.
Ford's stock is trading lower in response to Stellantis' negative guidance, suggesting industry-wide issues affecting multiple automakers.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
General Motors is trading lower in sympathy with Stellantis' revised guidance, reflecting broader concerns in the auto industry.
GM is affected by Stellantis' negative outlook as it reflects broader industry challenges, leading to a sympathetic decline in GM's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Stellantis revised its fiscal 2024 guidance, projecting lower operating margins and negative cash flow due to North American performance issues and global industry dynamics. The stock is down 13.3% premarket.
Stellantis' significant downward revision of fiscal 2024 guidance, including lower operating margins and negative cash flow, directly impacts its stock price negatively. The stock is already down 13.3% premarket.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100