Stellantis N.V’s filing revealed that its 10% Owner Stellantis N.V. acquired Company’s shares for reported $9.99 million on Aug 08 ’24. In the deal valued at $3.35 per share,2,982,089 shares were bought. As a result of this transaction, Stellantis N.V. now holds 59,734,962 shares worth roughly $824.94 million.
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Then, Stellantis N.V. bought 17,401,153 shares, generating $54,999,824 in total proceeds. Upon buying the shares at $3.16, the 10% Owner now owns 56,752,873 shares.
Before that, Stellantis N.V. bought 750,000 shares. Stellantis N.V shares valued at $3,894,053 were divested by the 10% Owner at a price of $5.19 per share. As a result of the transaction, Stellantis N.V. now holds 39,351,720 shares, worth roughly $543.45 million.
RBC Capital Mkts downgraded its Stellantis N.V [STLA] rating to a Sector perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “an Equal weight”. Wolfe Research also remained covering STLA and has decreased its forecast on September 05, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Jefferies revised its rating on August 07, 2024. It rated STLA as “a Hold” which previously was an “a Buy”.
Price Performance Review of STLA
On Tuesday, Stellantis N.V [NYSE:STLA] saw its stock jump 0.88% to $13.81. Over the last five days, the stock has gained 3.52%. Stellantis N.V shares have fallen nearly -40.78% since the year began. Nevertheless, the stocks have fallen -31.33% over the past one year. While a 52-week high of $29.51 was reached on 03/25/24, a 52-week low of $12.74 was recorded on 10/11/24. SMA at 50 days reached $14.43, while 200 days put it at $20.51.
Levels Of Support And Resistance For STLA Stock
The 24-hour chart illustrates a support level at 13.63, which if violated will result in even more drops to 13.45. On the upside, there is a resistance level at 13.90. A further resistance level may holdings at 14.00. The Relative Strength Index (RSI) on the 14-day chart is 51.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 7.00%. Stochastics %K at 86.62% indicates the stock is a selling.
How much short interest is there in Stellantis N.V?
A steep rise in short interest was recorded in Stellantis N.V stocks on 2024-10-15, dropping by -2.6 million shares to a total of 24.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 26.74 million shares. There was a decline of -10.77%, which implies that there is a negative sentiment for the stock.
