Stellantis (NYSE:STLA) Shares Gap Down - Should You Sell?

Stellantis (NYSE:STLA - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.39, but opened at $12.91. Stellantis shares last traded at $12.86, with a volume of 1,112,759 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays lowered shares of Stellantis from an "overweight" rating to an "equal weight" rating in a report on Thursday, October 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Wolfe Research reissued a "peer perform" rating on shares of Stellantis in a report on Thursday, September 5th. Nomura Securities upgraded Stellantis from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an "inline" rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.34.

Stellantis Stock Down 2.8 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The business has a 50-day moving average price of $13.94 and a two-hundred day moving average price of $17.47.

Institutional Investors Weigh In On Stellantis

Several institutional investors have recently modified their holdings of the business. Rothschild Investment LLC bought a new position in Stellantis in the second quarter valued at approximately $25,000. Waldron Private Wealth LLC bought a new position in shares of Stellantis in the 3rd quarter worth $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis during the third quarter worth $35,000. ORG Partners LLC bought a new stake in Stellantis in the second quarter valued at about $38,000. Finally, Cromwell Holdings LLC increased its holdings in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock valued at $42,000 after purchasing an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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