Why Stellantis Stock Plunged to a 2-Year Low This Week
STLAStellantis(STLA) The Motley Fool·2024-10-05 01:44

Stellantis owns some of the biggest auto brands in the world, but its stock isn't the kind you'd want to buy now. Stellantis' (STLA 1.87%) latest warning has stunned investors. The maker of Chrysler, Fiat, Jeep, Peugeot, Ram Trucks, and more cut its guidance for 2024 this week, with CEO Carlos Tavares even hinting at a potential dividend cut next year. Stellantis stock plunged after the developments and was trading 17% lower for the week through noon Friday, according to data provided by S&P Global Market I ...