Stellantis Shares Drop 10.7% Over the Week, Among the Largest Declines in the CAC 40
The Italian-American automaker wipes out some of the late May rebound and plunges back to the lower ranks of the CAC 40. The stock clearly falls below its short-term moving averages, nearing a technical threshold monitored for several sessions. Morgan Stanley has also recently adjusted its target on the stock.
Stellantis Dips Below Its Moving Averages and Nears the €6.13 Support
Stellantis stock fell by 2.59% to €6.2550, in a nearly stable CAC 40 (-0.19%). The stock is among the largest drops in the index, trailing STMicroelectronics (-4.87%) and Schneider Electric (-4.26%).
Renault, on the other hand, is down 1.40%, indicating a challenging session for automakers listed in Paris.
The decline brings the weekly loss to 10.71%, erasing the rebound recorded at the end of May following the presentation of the FaSTLAne 2030 plan. The price is below the MM20 (€6.57) and MM50 (€6.58), with a gap of about 4.8% in both cases, and remains far from the MM200 (€7.86, a gap of 20.42%).
The RSI at 46 remains neutral, with no immediate oversold signal.
The stock is approaching the support at €6.13, already tested during the May 21 session at the Investor Day in Auburn Hills. The holding of this threshold will be crucial for the continuation of the movement.
Morgan Stanley Raises Its Target to €7.10, CIC Market Solutions Maintains Buy at €9
Morgan Stanley raised its price target yesterday from €6.50 to €7.10, while maintaining a 'market weight' opinion. The day before, CIC Market Solutions reaffirmed its buy recommendation, with an unchanged target of €9, representing a potential of about 44% compared to the current price.
The stock is trading at approximately 7.3 times the earnings expected for the current fiscal year and 4 times those of 2027, according to the consensus of analysts surveyed. Over one year, the stock still shows a decline of 27.9%, reflecting the mistrust that has been in place since the summer of 2025 and the multiple strategic adjustments of the group.
The €60 billion FaSTLAne 2030 plan, and the European joint venture announced mid-May with Dongfeng remain the main ongoing projects for Antonio Filosa. The holding of the €6.13 support is now the immediate observation point on the stock.
