What's Going On With Stellantis Stock Thursday?
Portfolio Pulse from Nabaparna Bhattacharya
Stellantis (NYSE:STLA) shares are trading lower due to a 20% year-over-year decline in U.S. sales for Q3 2024. The company faces production challenges in Italy and has revised its fiscal 2024 guidance, projecting lower operating margins and negative cash flow.
October 03, 2024 | 2:04 pm
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NEGATIVE IMPACT
Stellantis shares are down due to a 20% drop in Q3 U.S. sales, production issues in Italy, and revised fiscal 2024 guidance with lower margins and negative cash flow expectations.
The 20% decline in U.S. sales and production challenges in Italy are significant negative factors. The revised fiscal 2024 guidance with lower operating margins and negative cash flow expectations further pressures the stock, leading to a short-term negative impact.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100