China's Great Wall Motors Plays Down Interest in Fiat Chrysler


China's Great Wall Motors Plays Down Interest in Fiat Chrysler

The value of the position overall is up by 12.1%. Manufacturers Life Insurance Company, The controls 1,590,722 shares valued at $16,909,000.

Here are some other firms who have updated their holdings.

Fiat Chrysler sold 110,000 locally built vehicles in China in the first half of the year, in particular thanks to rising sales of Jeeps built by a joint venture with GAC Group. Creative Planning has an ownership of 24,577 company stock worth at $269,000 after scooping up an extra 6,284 shares through out the previous quarter, Bank of Montreal Can boosted its position in stocks of Fiat Chrysler Automobiles by 34.9% in the Q1. It indicates oversold and overbought price levels for a stock. Cetera Investment Advisers bolstered its holdings by buying 1,840 shares an increase of 15.0%.

Institutional investors have purchased and unloaded stocks of the company. Shares last traded at $14.42 which is well above the 50 day moving average which is $12.05 and a great deal higher than the 200 day moving average of $11.14.

The P/E ratio is 6.67 and market capitalization is 22.17B.

Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) opened at 13.47 on Wednesday. The company reported $0.76 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.59 by $0.17. The firm had revenue of $27.93 billion during the quarter, compared to analysts' expectations of $29.24 billion. Fiat Chrysler has $15 highest and $14.0 lowest target. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.59 by $0.17.

The stock of Fiat Chrysler Automobiles NV (NYSE:FCAU) hit a new 52-week high and has $13.93 target or 4.00 % above today's $13.39 share price.

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Turning to Ascena Retail Group, Inc.

By Tuesday, various media were rife with reports that the Chinese automaker was lining up a move for Fiat Chrysler Automobiles' sport utility vehicle unit along with its pickup truck unit. Volume was up 32.06% over the stocks average daily volume. Kepler Capital Markets raised shares of Fiat Chrysler Automobiles NV from a "hold" rating to a "buy" rating in a report on Friday, July 28th. Bank of America Corporation reissued an "underperform" rating and issued a $9.00 price objective (down previously from $10.00) on shares of Fiat Chrysler Automobiles NV in a report on Friday, June 16th. The value of the investment in Fiat Chrysler Automobiles N.V. went from $307,000 to $16,909,000 increasing 5,407.8% for the reporting period.

A total of 12 equity analysts have released a ratings update on FCAU.