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Stock market, Fiat in the red after the downgrade of Fidentiis

The Lingotto stock is today one of the worst in the Ftse Mib – Fidentiis' downgrade from "hold" to "sell" triggered the sales of Lingotto shares.

Stock market, Fiat in the red after the downgrade of Fidentiis

Difficulties for the Fiat stock in Piazza Affari, which lost 2,2% in mid-morning. This is one of the worst declines of the Ftse Mib, which in the same minutes travels down by 0,4%. 

It was the sales of Lingotto shares that triggered it the downgrade from “hold” to “sell” of Fidentiis. Uncertainties about the future and skepticism about the possibility of continuing, in the long term, the sales and profitability performance recorded in recent years in the United States also weighed on the stock. 

This morning Istat has made it known that industry orders relating to motor vehicles recorded a trend decline of 0,9% in August. Turnover, on the other hand, reported a tendential increase of 7,5%. 

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