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Week 31: Fiat Chrysler Stock Still Hovering Near Ten-Month Low

John Parker
Week 31: Fiat Chrysler Stock Still Hovering Near Ten-Month Low

Last week, which ended on August 3, Fiat Chrysler stock (FCAU) was unchanged from its previous week’s closing price of $16.91 when it plunged 12.5% after its second-quarter results. The company revised its 2018 outlook downward during its earnings event, as did peers (IYK) General Motors (GM) and Ford (F). We looked at those automakers in the previous two parts of this series. FCAU now expects its 2018 adjusted EBIT to be 7.5 billion–8 billion euros, down from its original guidance of 8.7 billion euros.