Stellantis N.V’s recently made public that its 10% Owner Stellantis N.V. acquired Company’s shares for reported $3.89 million on Mar 15 ’24. In the deal valued at $5.19 per share,750,000 shares were bought. As a result of this transaction, Stellantis N.V. now holds 39,351,720 shares worth roughly $876.36 million.
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Then, Stellantis N.V. bought 750,000 shares, generating $3,743,249 in total proceeds. Upon buying the shares at $4.99, the 10% Owner now owns 38,601,720 shares.
Before that, Stellantis N.V. bought 800,000 shares. Stellantis N.V shares valued at $4,286,000 were divested by the 10% Owner at a price of $5.36 per share. As a result of the transaction, Stellantis N.V. now holds 37,851,720 shares, worth roughly $842.96 million.
Berenberg downgraded its Stellantis N.V [STLA] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Nomura also remained covering STLA and has decreased its forecast on March 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Bernstein revised its rating on February 28, 2024. It rated STLA as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of STLA
On Friday, Stellantis N.V [NYSE:STLA] saw its stock jump 0.09% to $22.27. Over the last five days, the stock has gained 1.60%. Stellantis N.V shares have fallen nearly -4.50% since the year began. Nevertheless, the stocks have risen 45.56% over the past one year. While a 52-week high of $29.51 was reached on 03/25/24, a 52-week low of $15.07 was recorded on 01/29/24. SMA at 50 days reached $24.66, while 200 days put it at $22.37. A total of 6.55 million shares were traded, compared to the trading of 5.36 million shares in the previous session.
Levels Of Support And Resistance For STLA Stock
The 24-hour chart illustrates a support level at 21.99, which if violated will result in even more drops to 21.71. On the upside, there is a resistance level at 22.42. A further resistance level may holdings at 22.58. The Relative Strength Index (RSI) on the 14-day chart is 42.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.06%. Stochastics %K at 27.99% indicates the stock is a holding.
The most recent change occurred on February 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating .
