Fiat Chrysler Debuts On The New York Stock Exchange

Shares of Fiat Chrysler Automobiles NV (NYSE: FCAU) began trading on the New York Stock Exchange on Monday.

Fiat Chrysler is the world’s seventh-largest automaker, with plans to increase revenues to $6.3 billion in 2018.

Overview of the early trading action:

Fiat Chrysler shares opened for trade at $9 per share and quickly rose to a high of $9.55.

Shares then sold off back to the opening price, consolidated for a moment, then briefly spiked to a lower high of $9.32.

Selling pressure continued as the stock quickly fell back down to the $9 opening price and fell through this level, reaching a low of $8.83.

Share price has rebounded slightly, recently trading at $8.95.