On June 23, Stellantis fell 5.33% in regular trading, trading at $6.065/share, with turnover of $55.78 million.

The decline comes amid ongoing pressure from a global recall of over 1.3 million Jeep Wrangler and Gladiator vehicles announced earlier this month due to an electrical connector defect in the electric hydraulic power steering pump posing a fire hazard. Approximately 1.08 million vehicles in the U.S. market are affected, with at least 72 vehicle fires suspected to be linked to the defect. The company expects to complete recall repairs by July at the latest. Additionally, a securities fraud class action lawsuit against Stellantis reached its lead plaintiff application deadline on June 8, adding further legal overhang.

Broader sector weakness also weighed on shares, with Tesla declining 4.71%, General Motors down 1.32%, and Ford falling 0.96% during the session. Stellantis faces upcoming earnings on July 30, with consensus EPS expectations of $0.11, a significant decline from the prior quarter's $0.25.

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