U.S. Markets closed

Fiat Chrysler Stock Rose 5.7% in Week 37

John Parker
Fiat Chrysler Stock Rose 5.7% in Week 37

In the week ending September 14, Fiat Chrysler stock (FCAU) rose 5.7% and closed at $17.50. In the previous week, the stock registered 3.2% losses. After reporting mixed second-quarter results on July 25, Fiat Chrysler fell ~12% for the session. During the second-quarter earnings event, the company revised its 2018 outlook downward just like its peers (IYK) General Motors (GM) and Ford (F). Fiat Chrysler expects its 2018 adjusted EBIT to be 7.5 billion–8.0 billion euros—down from the original guidance of 8.7 billion euros.