Stock Market Today, Oct. 1: Stellantis Surges Off Record Low on Ram Pickup Sales Jump
On Oct. 1, 2026, the automaker's U.S. truck demand strength drove shares higher as investors eyed results from its turnaround plan.
On October 1, Stellantis (STLA) shares surged on a record low closing price following a significant jump in Ram pickup sales. The global automaker, specializing in passenger vehicles, light trucks, engines, and mobility services, reported flat third-quarter sales. However, Ram pickup sales surged 34%, with Ram 1500 sales increasing by 73% year-over-year.
Trading volume reached 52.0 million shares, marking a 132% increase over the company's three-month average. Stellantis, which went public in 2010, has grown 45% since its IPO. Meanwhile, the S&P 500 and Nasdaq Composite closed at 7,666 and 26,872, respectively, both up slightly. Other automakers such as General Motors (GM) and Ford Motor (F) also saw gains, with shares rising 3% and 2% respectively.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
