Check Out the Insider Trading of Fiat Chrysler Automobiles N.V. (FCAU)

Will Fiat Chrysler Automobiles N.V. (NYSE:FCAU) rip to new highs anytime soon? Who knows, but much of it depends on what analysts believe and what action the company’s insiders pursue. The stock closed higher on 12 February. The shares accumulated 0.14 points or 0.96 percent at $14.7 with a light trade volume of 4.355 million shares. After opening the session at $14.66, the shares went as high as $14.73 and as low as $14.55, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $22.8 billion and now has 1.55 billion shares outstanding. Fiat Chrysler Automobiles N.V. (FCAU) stock has lost -9.59 percent of market value in 21 trading days.

FCAU stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.32 a share in the trailing twelve months. The stock’s value has surged 1.66 percent year to date (YTD) against a decline of -31.69 percent in 12 month’s time. The company’s shares still trade -39.78 percent away from its 1-year high of $24.41 and 4.93 percent up from 52-week low of $14.01. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

History has shown that shares in Fiat Chrysler Automobiles N.V. have gone down on 9 different earnings reaction days and are predicted to add 0.04 percent when the company reports upcoming earnings.

The stock is currently hovering around the first support level of $14.59. Below this, the next support is placed in the zone of $14.48. Till the time, the FCAU stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 32.43 on daily chart, which may remain a cause for comfort. If the price breaks below $14.48 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $14.77 mark may result into a pull-back move towards $14.84 level.