Ferrari, jumped up to $ 60 debut, selling pressure on Fca – Reuters Italy

MILAN (Reuters) – out brilliant for Ferrari Wall Street after a half hour of trading halls of 7%, after scoring a maximum of more than 60 dollars from 52 placement, while the parent company Fiat Chrysler (Fca) decided back in negative territory.

A trader speaks volatile market and excessive speculation Fca actions. Someone bet on a significant decline, a kind of “sell on news”, but forget that, until early 2016, Fca continues to incorporate action Ferrari. I fear there is still very open, he said.

Another operator speaks expectations for a debut even better than Ferrari.

The next year provided the separation and the shareholders will receive shares Fca Fca owned Ferrari for each.

Beyond the erratic movements of today, led by spculazione and emotionality, some analysts look at the next steps and believe that now Fca begin to push a merger, presumably with General Motors.

The CEO Sergio Marchionne will have to take advantage of the high share price, guaranteed by the fact that the action incorporates Fca Ferrari action.

Once completed the spinoff, to secure the ‘speculative interest tied to Ferrari is going to disappear, and in the absence of new catalysts, Fca could lose altitude.

Marchionne has in recent months sent an email to the CEO of GM, Mary Barra, proposing an integration between the two companies, which was rejected.

Several observers have speculated that Fca is moving trying to convince GM shareholders to an M & A, although Marchionne in late June said to be very far away from anything that was similar to an offer to GM shareholders for integration. More …