Fiat Chrysler Slumps After Goldman Sachs Advises To Sell Stock
Fiat Chrysler fell as much as 5.1% Tuesday after Goldman Sachs' coverage on the stock with a "sell" rating.
Fiat Chrysler traded at $13.68 per share as of 11.25 a.m.
ET, reaching its lowest level since mid-June.
This is despite markets hitting record highs over the last several trading days, says Business Insider.
The automaker also faces a larger climb than its peers to reach Europe's 2021 CO2 compliancy levels.
The world's eighth-largest automaker has also fallen behind its competitors in recent tech advancements.
The company's stock is now down roughly 5% year-to-date but there is no telling what the future holds.