Major News: Fiat Chrysler Automobiles N.V. (NYSE:FCAU), AZZ incorporated (NYSE:AZZ), Allegheny Technologies Inc. (NYSE:ATI)


Fiat Chrysler Automobiles N.V. (NYSE:FCAU) currently released that June U.S. sales of 185,035 units, an 8% moved up compared with sales in June 2014 of 171,086 units, and the group’s best June sales since 2006. The firm declared that its Chrysler, Jeep and Ram Truck brands each posted year-over-year sales gains in June compared with the similar month a year before. Chrysler brand sales were increased 28%, the brand’s best June sales since 2007 and its 12th-consecutive month of year-over-year sales gains. FIAT brand sales, which include the Fiat 500, 500L, and 500X were down 30 percent in June, compared with the same month a year ago. Jeep brand sales increased 25 percent, the brand’s best June sales ever. Ram Truck brand sales, which include the Ram pickup truck, Ram ProMaster, Ram ProMaster City, and Ram Cargo Van, were up 2 percent, the brand’s best June sales since 2007. Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) traded at $14.29 by plunging -2.32% with price volatility of 2.29% for a week and 2.06% for a month. Its beta stands at 2.09 times.

AZZ incorporated (NYSE:AZZ) current released that Q1 net income of $19.9M, or $0.77 a share, as compared to $14.9M, or $0.58 a share, previous year. On average, five analysts polled by Thomson Reuters anticipated the firm to report profit per share of $0.70 for the quarter. Analysts’ estimates typically prohibit special items. AZZ incorporated declared that outlook update is a direct result of its acquisition of U.S. Galvanizing and the company’s expectation that it will provide accretion of approximately $0.10 in EPS for fiscal year 2016. AZZ also announced that its Board has authorized a quarterly cash dividend in the amount of $0.15 per share on the company’s outstanding shares of common stock. AZZ incorporated (NYSE:AZZ) stock hit highest price at $53.17, beginning with a price of $52.94 and reported a decrease of -3.27% to close at $51.24 with a day range of $50.41-$53.17. The total market capitalization remained 1.32 Billion, total volume of 337135 shares held in the session was surprisingly higher than its average volume of 125.12 shares.

Allegheny Technologies Inc. (NYSE:ATI) released that firm and the United Steelworkers or USW are continuing to operate under the terms and conditions of the collective bargaining agreements that expired at 11:59 PM on June 30, 2015. ATI remains hopeful that progress can be made toward new agreements, but significant issues need to be resolved. ATI continues to work in good faith with the USW toward new and fair accords. Allegheny Technologies Inc. (NYSE:ATI) stock has highest price of $30.38 in last session, beginning with a price of $30.20 and reported a loss of -1.89% to close at $29.55 with a day range of $28.66-$30.38. The stock is going forward its 52-week low with 10.16% and moving down from its 52 week high price with -34.85%.

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Jason Dinner