Stellantis N.V’s recently made public that its 10% Owner Stellantis N.V. acquired Company’s shares for reported $5.0 million on Dec 11 ’24. In the deal valued at $6.65 per share,751,879 shares were bought. As a result of this transaction, Stellantis N.V. now holds 60,486,841 shares worth roughly $753.06 million.
Then, Natalie Knight bought 57,160 shares, generating $763,678 in total proceeds.
Before that, Stellantis N.V. bought 2,982,089 shares. Stellantis N.V shares valued at $9,989,998 were divested by the 10% Owner at a price of $3.35 per share. As a result of the transaction, Stellantis N.V. now holds 59,734,962 shares, worth roughly $743.7 million.
Evercore ISI initiated its Stellantis N.V [STLA] rating to an In-line in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early October from “an Outperform” to “a Sector perform”. Barclays also remained covering STLA and has decreased its forecast on October 03, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wolfe Research revised its rating on September 05, 2024. It rated STLA as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of STLA
On Tuesday, Stellantis N.V [NYSE:STLA] saw its stock jump 0.97% to $12.45. Over the last five days, the stock has lost -4.23%. Stellantis N.V shares have fallen nearly -4.60% since the year began. Nevertheless, the stocks have fallen -45.30% over the past one year. While a 52-week high of $29.51 was reached on 01/07/25, a 52-week low of $12.12 was recorded on 01/13/25. SMA at 50 days reached $13.17, while 200 days put it at $17.63.
Levels Of Support And Resistance For STLA Stock
The 24-hour chart illustrates a support level at 12.38, which if violated will result in even more drops to 12.31. On the upside, there is a resistance level at 12.54. A further resistance level may holdings at 12.63. The Relative Strength Index (RSI) on the 14-day chart is 40.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.56%. Stochastics %K at 14.51% indicates the stock is a buying.
How much short interest is there in Stellantis N.V?
A steep rise in short interest was recorded in Stellantis N.V stocks on 2024-12-31, growing by 7.89 million shares to a total of 23.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 15.66 million shares. There was a rise of 33.51%, which implies that there is a positive sentiment for the stock.
