Stellantis Stock Price Drops 5% as Bond Sale, China Talks Keep Investors Wary
Stellantis shares dropped 5.2% in New York on Friday, closing at $6.50 after a rough week for U.S. stocks. The company recently took a €22.2 billion impairment charge and priced €5 billion in hybrid bonds. CEO Antonio Filosa said North America and Europe will return to positive adjusted operating income this year. A U.S. judge dismissed a class action over alleged “channel stuffing.”