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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.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


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