On June 11, Stellantis fell 5.04% in regular trading, trading at $6.685/share, with trading volume of $79.287 million.
On the news front, Stellantis announced on June 9 a global recall of over 1.3 million Jeep Wrangler and Gladiator vehicles (model years 2021-2025) due to a fire risk stemming from an electrical connector defect in the electric hydraulic power steering pump. The defect can cause a fire even when the vehicle is parked with the ignition off. Approximately 1.08 million vehicles in the U.S. are affected, along with 106,000 in Canada, 23,000 in Mexico, and 125,000 in other global markets. At least 72 fire incidents have been linked to the defect. Dealers will inspect and replace affected parts free of charge, with repairs expected to be completed by July.
Compounding the pressure, the lead plaintiff application deadline for a securities fraud class action lawsuit against Stellantis expired on June 8, covering investors who purchased shares between February 26, 2025 and February 5, 2026. Multiple negative catalysts continue to weigh on the stock.
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