Fiat Chrysler stock rose 30 percent in 2014, from early October when it started trading on the New York Stock Exchange until the end of the year, according to CNN Money. The stock continued to rise in the first half of 2015.
Even though Fiat Chrysler is the smallest of the big three automobile companies in Detroit, it is currently considered the best stock of the three, reports CNN Money. Part of the rising value of the stock is based on the company's consistently increasing sales numbers. In December of 2014, the company reported a 20 percent increase in sales from the same month a year before. This was the 57th straight month in which the company reported increases in such year-to-year monthly comparisons. Fiat Chrysler also sold more than 2 million cars in 2014, the most sold annually since 2006.
This is a major change in fortune for the company, given that Chrysler, like GM, was forced to shift into a government bankruptcy as a result of the financial crisis of 2008, states CNN Money. Although the stock has continued its bullish run in 2015, so far there has been no signs of overheating. The company is also planning to create a spinoff of part of its Ferrari unit and make it available to shareholders through an initial public offering, which should help continue the stock's good run,