U.S. Markets closed

What Could Be Driving Weakness in Fiat Chrysler Stock in August?

John Parker
What Could Be Driving Weakness in Fiat Chrysler Stock in August?

Last week, which ended on August 17, Fiat Chrysler (FCAU) stock fell 2.3% to close at $15.77. It revised its 2018 outlook downward during its earnings event, like its peers (IYK) General Motors (GM) and Ford (F), as we saw in the previous two parts of this series. FCAU now expects its 2018 adjusted EBIT (earnings before interest and tax) to be 7.5 billion–8 billion euros, which is lower than its original guidance of 8.7 billion euros.