Fiat Chrysler Automobiles NV (NYSE:FCAU) is in the red after the company reported soft domestic sales for the month of October. The company’s U.S. sales fell by 10% year-over-year to 176,609 units last month, with retail accounting for 77% of total sales and fleet sales representing the rest. Fiat Chrysler sales in the United States pale in comparison to GM’s October domestic sales, in which the giant from Detroit reported total sales falling just 1.7%. The number of funds from our database with holdings in Fiat Chrysler Automobiles NV (NYSE:FCAU) fell by one quarter-over-quarter to 27 at the end of June.
Traders are keeping a close eye on Alibaba Group Holding Ltd (NYSE:BABA) after the New York Post reported that a federal probe of Alibaba’s accounting is still ongoing and that the SEC has help from at least one whistle-blower who the Post describes as a high up official in the company looking for a potential monetary reward. Alibaba, which disclosed the SEC probe in May, has said it is fully cooperating with regulators. A total of 69 funds tracked by Insider Monkey were long Alibaba Group Holding Ltd (NYSE:BABA) at the end of the second quarter, up by two funds from the previous quarter.