The value of Ford stock rose during the March 25th, 2019 – March 29th, 2019 timeframe, closing the week at $8.78 per share. The movement represents an increase of 2.8 percent or $0.24 per share compared to last week’s closing value of $8.54.
The shares experienced the following movement during the week:
- Monday, March 25th: Ford stock opened the day (and the week) at $8.56 and closed at $8.51
- Tuesday, March 26th: Ford stock opened at $8.54 and closed at $8.76
- Wednesday, March 27th: Ford stock opened at $8.75, and closed at $8.62
- Thursday, March 28th: Ford Motor Company stock opened at $8.65, and closed at $8.77
- Friday, March 29th: opened at $8.80 and closed at $8.78, which is $0.24 higher than the closing value last week
Though a 2.8 percent gain isn’t significantly noteworthy, it is still better than a decrease. Hence, we imagine some investors are somewhat pleased, since the this week’s gains mark two consecutive weeks of growth for Ford Motor Company shares. By comparison, shares of Fiat Chrysler Automobiles rebounded $0.17 this week, while the value of GM stock rose by $0.66.
It will be rather interesting to see how Ford stock fares in 2019, given the automaker’s decisions to optimize its business fitness by discontinuing all sedans to focus on more profitable crossovers, SUVs and pickup trucks in the North American market, while at the same time investing in very costly autonomous vehicles and technologies. It’s worth noting that The Blue Oval made both moves much later than rivals, with FCA being first to kill off most of its sedans while General Motors was the first to begin investing in EVs and autonomous tech.