What Is Stellantis and Why Is Its Stock Surging Today?

John Rosevear, The Motley Fool
·2 min read
What Is Stellantis and Why Is Its Stock Surging Today?

Shares of Stellantis (NYSE: STLA) opened sharply higher on Tuesday, the company's first day of trading in the U.S. Stellantis, the company formed from the merger of French automaker PSA Peugeot with Fiat Chrysler Automobiles. As of 11 a.m. EST, Stellantis's U.S.-traded shares were up about 11.4% compared to Fiat Chrysler's final closing price on Friday. It's a done deal: Fiat Chrysler and PSA have merged to create the world's fourth-largest automaker.