Huge success for Stellantis
The popular car manufacturer almost retested its ATH on Friday and reached a market cap of $67.54 Bln. The stock closed above $22 and this huge rise returned the investors an absolutely stunning profit for the investors!
STLA was trading for $18 in early November. In around 20 business days, the shares jumped with nealry 25%, because buyers were more dominant. Stellantis is in a clear up trend and this is confirmed by the 20, 50 and 200 day MA all pointing north. Bulls are still in control, because the price continues trading above the short term 20 day MA. This shouldn’t be a surprising fact.
STLA revenue is above $101 Bln and the operating margin is 10.71%. Looking at other large car manufacturers such as Ford, GM, VW, STLA is a lot more efficient. This could be one of the reasons why investors aggressively buy into the shares. P/E acts as a further confidence booster, because it is fairly low at 11.4.
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