122,000 Reasons to Believe This Turnaround Story Stock Will Soar
Here's why Stellantis' North America region could be a leading indicator of whether and when its turnaround will gain traction, and why it's important for investors.
Overview
Stellantis (NYSE: STLA) and rivals Ford Motor Company and General Motors have traded differently over the past year. Stellantis, which recently unveiled a $70 billion turnaround strategy, saw its stock shed more than 40% of its value over the past year, while Ford posted a 25% gain and GM more than doubled that with a 54% annual gain.
Because of Stellantis' harsh sell-off over the past few years, it may actually have the most upside potential of the three stocks for investors willing to take on some risk over the next five years. Let's take a look at a core component of Stellantis' turnaround, why there are early signs of optimism, and what one catch might be.
Image source: Stellantis.
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Originally published at www.fool.com.