Stellantis (NYSE:STLA) Shares Gap Up – Here’s What Happened

Stellantis (NYSE:STLA)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.80, but opened at $12.58. Stellantis shares last traded at $12.62, with a volume of 4,731,116 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating on the stock. TD Cowen assumed coverage on shares of Stellantis in a research report on Friday. They set a “hold” rating and a $13.00 price target on the stock. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Stellantis has a consensus rating of “Hold” and an average price target of $24.47.

Stellantis Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $38.56 billion, a price-to-earnings ratio of 3.74 and a beta of 1.64. The stock’s 50-day simple moving average is $13.11 and its two-hundred day simple moving average is $13.76.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis during the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new position in Stellantis in the 4th quarter valued at $29,000. Darwin Wealth Management LLC acquired a new position in Stellantis in the 3rd quarter valued at $47,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Stellantis in the 4th quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.