Stellantis Shares Drop 4% Following New Roadmap Announcement
Stellantis shares plummeted by 4.01% to €6.17 in mid-afternoon trading after Antonio Filosa unveiled the company's strategic roadmap in Auburn Hills. The stock is now trailing at the bottom of the CAC 40, behind Airbus (-3.08%) and Eiffage (-2.91%). The automaker's stock broke through its technical support level at €6.13 during the session.
A €60 Billion Plan Fails to Convince the Market
Stellantis presented its strategic plan, FaSTLAne 2030, on Thursday, committing to €60 billion in investments over the next five years, during its Investor Day in Michigan. The program focuses on six main areas, including more selective management of its brand portfolio, the development of global platforms, and a stricter capital allocation discipline. The roadmap is part of a series of dense announcements. On Tuesday, the group confirmed the launch of an affordable small electric car in Pomigliano d'Arco, Italy, set to start production in 2028. The day before, Stellantis also announced exploring synergies with Jaguar Land Rover in the United States and the creation of a European joint venture with Dongfeng.
Support Level at €6.13 Breached During the Session, Indicating a Negative Technical Signal
In terms of stock performance, the share price broke through its support at €6.13 during the session and remained near this level. This break occurred as the automaker's stock was already down 5.80% from its 20-day moving average (€6.55) and 22.29% below its 200-day moving average (€7.94), confirming a medium-term bearish trend. The RSI at 48 remains neutral, with no immediate oversold configuration. The stock's performance has declined by 4.84% over the week and 35.51% over the year, marking one of the most significant underperformances in the European automotive sector. For comparison, Renault's shares dropped 1.12% during the session. The rebound in early May, following the return to profitability in Q1 published on April 30, was insufficient to reverse the trend. The next technical reference point to watch will be the €6.13 threshold in the figures.
