Shares of Stellantis N.V. STLA traded lower on Monday. In a move that has investors concerned and confused, CEO Carlos Tavares has resigned. This comes as a surprise because two months ago he said that he would retire in 2026.
As you can see on the chart, shares have dropped over 40% this year. However, a potential bottom may be forming, making it our Stock of the Day.
Markets don’t like uncertainty. This means that nervous investors will probably continue to sell and put pressure on the shares. This could continue to force them lower.
Yet, experienced traders can identify key price levels, creating opportunities to profit.
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