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Fiat Chrysler (FCAU) Catches Eye: Stock Jumps 7.6%


Fiat Chrysler Automobiles N.V. FCAU was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 20.2% in the past one-month time frame.

The move came after the company reported its sales figures for December 2017. Notably, the figures were weaker than the year-ago period but the sales of Chrysler Pacifica minivans and Jeep Cherokee were impressive.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fiat Chrysler currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the Automotive – Foreign industry is Bayerische Motoren Werke AG BAMXF which also carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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