|Bid||13.00 x 500000|
|Ask||13.03 x 2818800|
|Day's range||12.92 - 12.92|
|52-week range||5.77 - 13.93|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Top shareholders in merging carmakers Fiat Chrysler (FCA) and Peugeot maker PSA have moved to tighten their grip on the combined business and head off any potential hostile bidders. A prospectus for the deal, which will create the world's fourth-biggest automaker, showed on Friday there would be a loyalty scheme for long-term shareholders in the business, which will be called Stellantis. Investors that hold Stellantis stock uninterrupted for at least three years could be given extra voting shares.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
A judge in Detroit on Tuesday dismissed a portion of a criminal case against a Fiat Chrysler senior manager who was charged as part of the government's probe into cheating on diesel emissions tests by the automaker. Emanuele Palma was charged in September 2019 with making and causing Fiat Chrysler to make misstatements to U.S. regulators about diesel engines' emission control systems and wire fraud. Of the 13 count indictment, U.S. District Court Judge Nancy Edmunds dismissed four counts and a portion of one count - all relating to wire fraud, ruling the causal connection between the alleged deceit and customers' loss of money was "tenuous at best."