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Fiat Chrysler Stock Rally Continued in Third Week of September

John Parker
Fiat Chrysler Stock Rally Continued in Third Week of September

Last week, Fiat Chrysler stock (FCAU) jumped up by 4.5% to close at $18.29. In the previous week, the stock registered 5.7% gains. After reporting its mixed second-quarter results on July 25, FCAU plunged by about 12% for the session. During its second-quarter earnings event, the company also revised its 2018 outlook downward just like peers (IYK) General Motors (GM) and Ford (F). FCAU now expects its 2018 adjusted EBIT to be between 7.5 billion to 8.0 billion euros, down from the original guidance of 8.7 billion euros.