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What's Going On With Chrysler-Parent Stellantis Stock Today?

Stellantis N.V. (NYSE:STLA) shares are trading lower premarket on Thursday. The company disclosed its capital return plan and confirmed its 2024 financial guidance. Management confirms its 2024 guidance of double-digit Adjusted Operating Income (AOI) margin, positive industrial free cash flows, and a capital return plan of ≥€7.7 billion through dividends and buybacks. Meanwhile, the company expects an Adjusted Operating Income (AOI) margin of 10-11%, with industrial free cash flows projected to be ...