Stellantis Shares Plummet; Molina Drops on Earnings; Under Armour Shares Rise
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Stellantis (STLAM) is taking more than $26 billion in charges mainly linked to reversing course on its electric vehicle strategy, prompting a record plunge in the Jeep and Fiat owner’s shares.The writedowns, much of which will cover the cost of canceling EVs and compensating suppliers, exceed the impairments Ford Motor Co., General Motors Co. and Porsche AG have announced in recent months.- Molina Healthcare’s (MOH) shares plunged after the health insurer forecast 2026 profit that was less…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.