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FCA stock breaks $16

by David Zatz on

FCA stock (FCAU) raced past the US$16 mark today, hitting an all-time high of $16.19 on a rising stock market and, possibly, unfounded rumors of a merger with GM or Ford. Shares were initially priced at under $9 in October, when FCAU was first listed.

stock

The rumors are based on a throwaway remark by CEO Sergio Marchionne, which most likely suggested he was talking about some sort of joint venture or technology sharing agreement.

Chart (captured at 10:20 am) courtesy of Yahoo Finance.

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