|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||15.49 - 16.19|
|52-week range||8.88 - 27.06|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||7.45|
|Earnings date||28 Jul 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||24.75|
Shares of Fiat Chrysler Automobiles (NYSE: FCAU) were trading higher on Tuesday afternoon. FCA and French automaker Peugeot (OTC: PUGOY) said in a joint statement that they have agreed to revise the terms of their merger agreement, which will create the world's fourth-largest automaker when it closes next spring. As of 3 p.m. EDT on Tuesday, FCA's shares were up about 7.9% from Monday's closing price.
Fiat Chrysler Automobiles’ shares jumped over 12% in Milan on Tuesday after the car marker agreed to revise certain terms of their merger deal with its French partner Peugeot SA, with the world’s eighth-largest auto maker’s shareholders receiving a smaller cash payout but a stake in another business.
In the wake of the coronavirus pandemic, Fiat (FCAU) and PSA Group alter the terms of merger agreement, to enhance the liquidity of the merged entity Stellantis.