Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has tumbled 1.6% during the past week and has dropped 3.98% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.42%. Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has underperformed the index by 4.85% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Fiat Chrysler Automobiles N.V. (NYSE:FCAU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.73 and $6.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.76, notching a gain of 3.05% for the day. The total traded volume was 4,866,162 . The stock had closed at $6.56 on the previous day.
The company shares have dropped -34.01% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $10.93 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $7.23 and the 200 Day Moving Average price is recorded at $7.63.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup downgrades its outlook on Fiat Chrysler Automobiles N.V. (NYSE:FCAU). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on June 16, 2016. Institutional Investors own 26.28% of Fiat Chrysler Automobiles N.V. shares.