Home / Business / Volatile Stocks Under Street Updates- Fiat Chrysler Automobiles (NYSE:FCAU), Safe Bulkers (NYSE:SB)

Volatile Stocks Under Street Updates- Fiat Chrysler Automobiles (NYSE:FCAU), Safe Bulkers (NYSE:SB)

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) [Trend Analysis] retains strong position in active trade, as shares scoring 0.94% to $6.46 in a active trade session, while looking at the shares volume, about 4.76 Million shares have changed hands in this session. FCA US LLC reported U.S. sales of 192,883 units, a 1 percent decrease from the previous year’s 194,666 units. FCA US retail sales were 146,453 units in September, while fleet sales were 46,430 units. Retail sales represented 76 percent of total sales, while fleet sales were 24 percent. Chrysler brand sales were down 27 percent in September versus the same month in 2015.

The all-new 2017 Chrysler Pacifica minivan posted 9,172 units in sales in September, up 23 percent compared with the previous month of August. FIAT brand sales, which include the Fiat 500, Fiat 500L, Fiat 500X and Fiat 124 Spider, were down 30 percent in September. In its third month on sale, the all-new 2017 Fiat 124 Spider logged 490 units in sales in September, up 7 percent versus the previous month of August. FCAU attains analyst recommendation of 2.70 with week’s performance of 4.36%. Investors looking additional ahead will note that the Price to next year’s EPS is 15.20%.

Shares of Safe Bulkers, Inc. (NYSE:SB) [Trend Analysis] swings enthusiastically in regular trading session, it an raise of 7.09% to close at $1.51. Safe Bulkers, Inc. (NYSE:SB) reported that the Firm has agreed to novate an existing newbuild contract for Hull No. S835, a Japanese Panamax class vessel, and sell, upon delivery, Hull No. 1551, a Japanese Kamsarmax class vessel, in each case, to entities owned by Mr. Polys Hajioannou, the Chairman of the Board and the Chief Executive Officer of the Firm. Each vessel is planned to be delivered in the first quarter of 2017.

Dr. Loukas Barmparis, President of the Firm, stated: “Consistent with our efforts to preserve liquidity through arrangements with our commercial lenders and maintenance of a lean operational profile, these transactions have allowed the Firm to continue to minimize its cash outflows for capital expenditures.

Of the four newbuild vessels that were before on the Firm’s orderbook, we have been able to finance one newbuild vessel through the issuance of preferred equity securities and we now have entered into arrangements to sell or novate two additional newbuild vessels, thus substantially preserving the Firm’s liquidity position.” Moving forward to saw long-term intention, the experts calculate Return on Investment of -2.50%. The stock is going forward its fifty-two week low with 403.33% and lagging behind from its 52-week high price with -59.73%. SB last month stock price volatility remained 8.21%.


About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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