Stock Market Today, Oct. 1: Stellantis Surges Off Record Low on Ram Pickup Sales Jump
On Oct. 1, 2026, the automaker's U.S. truck demand strength drove shares higher as investors eyed results from its turnaround plan.
Overview
Stellantis (NYSE:STLA), a global automaker focused on passenger vehicles, light trucks, engines, and mobility services, closed at $4.69, up 7.57%. The company said third-quarter sales were roughly flat. A highlight for the company was Ram pickup sales jumping 34%.
Trading volume reached 52.0 million shares, coming in about 132% above its three-month average of 22.4 million shares. Stellantis IPO'd in 2010 and has grown 45% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,666, up 0.19%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 26,872, up 0.04%. Among global automotive manufacturing and mobility services peers, General Motors (NYSE:GM) closed at $79.31, up 3.00%, and Ford Motor (NYSE:F) closed at $12.27, up 1.74%, reflecting firmer sentiment across legacy automakers.
Details
Stellantis shares bounced off a record-low close yesterday after reporting third-quarter sales results and reaffirming its 2026 guidance and long-term financial goals. Total pickup sales jumped 34%, with sales of the popular Ram 1500 soaring 73% year over year.
Source
Originally published at www.fool.com.