U.S Stocks to Watch: Fiat Chrysler Automobiles N.V. (NYSE:FCAU), Nokia Corporation (NYSE:NOK)

U.S Stocks to Watch: Fiat Chrysler Automobiles N.V. (NYSE:FCAU), Nokia Corporation (NYSE:NOK)

- in Business & Finance
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On Tuesday, Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU), gained 0.39% to $15.41.

Fiat Chrysler Automobiles, declared that Scott Kunselman, Senior Vice President of Vehicle Safety and Regulatory Affairs, has elected to retire after 30 years with the Company, effective November 30. Kunselman will continue in his current role and will support the transition to his successor who will be named at a later date.

Starting December 1, Kunselman will join the senior administration of Oakland University. FCA US and Oakland University have a long standing tradition of collaboration, where Kunselman most recently served on the Board of Trustees of Oakland University on behalf of FCA US.

“I want to thank Scott for his leadership and commitment to the Company where he has served in a variety of executive roles since joining in 1985,” said Sergio Marchionne, Chief Executive Officer, FCA US LLC. “We wish him well in his next chapter at Oakland University.”

In terms of short interest, Fiat Chrysler Automobiles stated a rise of 8.5% or 5,830,355 shares in its short interest. The short figure came in at 8.9% of the total floats. The average daily volume of 6,530,549 shares suggests that the days to cover 74,311,919 short positions, as on October 15,2015, will be 11. On September 30,2015, the short interest was 68,481,564 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on October 26th.

Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.

Shares of Nokia Corporation (NYSE:NOK), declined -2.08% to $6.58, during its last trading session.

Nokia Corporation, declared that its English language listing prospectus, prepared for the listing on NASDAQ OMX Helsinki Ltd of the new shares to be issued as consideration to Alcatel-Lucent security holders in conjunction with the projected combination between Nokia and Alcatel-Lucent, has been approved by the Finnish Financial Supervisory Authority on October 23, 2015. In addition to the listing of the new shares on Nasdaq Helsinki, the listing prospectus will be used for the contemplated listing of Nokia’s existing and new shares on Euronext Paris and in connection with the public exchange offer, for which purpose the listing prospectus will be notified to the French stock market authority, Autorite des Marches Financiers.

The English language listing prospectus together with Finnish and French language translations of the prospectus summary will be available on Nokia’s website at http://company.nokia.com/en/investors/financial-reports/filings-related-to-the-alcatel-lucent-transaction starting on October 26, 2015, in addition to at the reception of Nasdaq Helsinki at Fabianinkatu 14, FI-00100 Helsinki, Finland, and at the head office of Nokia at Karaportti 3, FI-02610 Espoo, Finland on or about October 28, 2015.

Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.

 

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