Tesla, Fiat Chrysler, Tata Motors Stocks Moving Today

Shares of Tesla and Fiat Chrysler are rallying today, while Tata Motors stock is getting hammered after ugly earnings

Feb 14, 2017 at 1:33 PM
facebook X logo linkedin

Stocks are hovering near breakeven today, as traders digest comments from Fed Chair Janet Yellen. Among specific equities in focus are auto stocks Tesla Inc (NASDAQ:TSLA), Fiat Chrysler Automobiles NV (NYSE:FCAU), and Tata Motors Limited (ADR) (NYSE:TTM). Here's a quick look at what's moving shares of TSLA, FCAU, and TTM.

Tesla Stock Shows No Sign of Slowing Down

TSLA keeps pushing higher, adding another 1.1% today to trade at $283.80, earlier hitting a two-year high of $287.39. Helping the shares today is news that FMR LLC has upped its passive stake in the company to 13.69%. Tesla Inc has outperformed the broader S&P 500 Index (SPX) by roughly 43 percentage points during the past three months, with Model 3 buzz sparking a rally just last week. The stock could keep running higher, too, if the overwhelming pessimism surrounding it begins to unwind. Not only does short interest represent nearly 30% of TSLA's total float, but just three of 17 analysts recommend buying the shares. 

Fiat Chrysler Gets a Lift From General Motors

FCAU is rallying today, thanks to the M&A reports surrounding General Motors Company (NYSE:GM). Shares of the former company were last seen 4.8% higher at $11.47, hitting a record high of $11.49 earlier in the session. The stock has now more than doubled in value since its July low of $5.45, and this technical strength helps explain the strong call bias among short-term options traders. Specifically, Fiat Chrysler Automobiles NV has a Schaeffer's put/call open interest ratio (SOIR) of 0.28, which ranks just 6 percentage points from an annual low. 

Tata Motors Tanks as Profit Plummets 

TTM, on the other hand, is getting crushed today, down 12.6% at $32.71, following a particularly disappointing earnings report, which showed a 96% decline in net income during the fiscal third quarter. On a more positive note, Tata Motors Limited shares remain comfortably higher on a year-over-year basis, and have found familiar support in the $32 region. Still, today's loss is likely a blow to bullish options traders. Data from the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) shows a 50-day call/put volume ratio of 3.22 for TTM, which ranks in the high 95th annual percentile. 

Get a jump-start on the day's stock market news with Schaeffer's free Opening View newsletter.

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI