Volatile Stocks Under Street Updates: LKQ Corporation (NASDAQ:LKQ), Fiat Chrysler Automobiles (NYSE:FCAU)

LKQ Corporation (NASDAQ:LKQ) [Trend Analysis] retains strong position in active trade, as shares scoring -1.36% to $31.99 in a active trade session, while looking at the shares volume, around 1.87 Million shares have changed hands in this session. LKQ Corp. (LKQ) Monday reported a definitive contract to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary to a subsidiary of Vitro S.A.B. de C.V. in Mexico. The deal will be at a price of $310 million. The transaction is expected to be completed in the first quarter of 2017.As part of the transaction, LKQ and Vitro entered into a multi-year supply contract pursuant to which LKQ’s ongoing aftermarket glass distribution business will purchase a specified amount of its automotive glass from Vitro at specified prices. The firm has institutional ownership of 92.60%, while insider ownership included 0.60%. LKQ attains analyst recommendation of 1.30 with week’s performance of -5.42%. Investors looking further ahead will note that the Price to next year’s EPS is 13.86%.

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 0.68% to 8.86 with around 6.95 Million shares have changed hands in this session. Waymo, Alphabet’s new self-driving car spinoff, added 100 Chrysler Pacifica minivans to its fleet.Fiat Chrysler Automobiles developed the minivan to be fully autonomous with Waymo technology, including a purpose-built computer and a suite of sensors, telematics and other systems. The new vehicles will head to public roads for testing next year.

The minivans were created via a partnership between Waymo and FCA at a Michigan engineering site. Testing of the technology occurred in Michigan, Arizona and at Waymo facilities in California. The Pacificas are based on the 2017 production model, but alterations were made to the cars’ electrical, powertrain and structural systems.

“The Pacifica Hybrid will be a great addition to our fully self-driving test fleet,” Waymo CEO John Krafcik said in a press release. “FCA’s product development and manufacturing teams have been agile partners, enabling us to go from program kickoff to full vehicle assembly in just six months.” The stock is going forward its fifty-two week low with 62.57% and lagging behind from its 52-week high price with -38.73%.

Similar, the positive performance for the quarter recorded as 34.35% and for the year was -36.28%, while the YTD performance remained at -37.10%. FCAU has Average True Range for 14 days of 0.25.

 

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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