Watch These Stellantis Price Levels as Stock Slumps on Weak US Auto Sales

Key Takeaways Stellantis shares tumbled Thursday after the Chrysler and Jeep parent reported a significant drop in U.S. sales. Since setting its record high in March, the stock has trended lower within a narrow descending channel, with share turnover this week registering its highest level since late October 2019 to indicate conviction behind the recent selling. Investors should monitor crucial downside levels on the Stellantis chart around $11.50 and$8.50, while watching key upside areas near $15 and$18. ...