The value of Ford stock increased during the April 15th, 2019 – April 19th, 2019 timeframe. Shares closed the week at $9.55 per share, which represents an increase of $0.10 per share, or 1 percent, compared to last week’s closing value of $9.45.
The shares saw the following movement during the week:
- Monday, April 15th: Ford stock opened the day (and the week) at $9.48 and closed at $9.33
- Tuesday, April 16th: Ford stock opened at $9.32 and closed at $9.36
- Wednesday, April 17th: Ford stock opened at $9.40 and closed at $9.50
- Thursday, April 18th: Ford Motor Company stock opened at $9.52 and closed at $9.55
- Friday, April 19th: the market was closed on Friday for the Good Friday holiday
Though a $0.10 (10 cent) increase isn’t substantial, it still represents a gain – which is better than a drop. Hence, we imagine some investors are pleased with the performance.
In addition, this week’s gains mark five consecutive weeks of growth for Ford Motor Company shares. By comparison, shares of Fiat Chrysler Automobiles rose $0.39 this week, while the value of GM stock rose by $0.59 per share, breaking the $40 per share barrier.
We remain curious in seeing how Ford stock fares throughout the rest of 2019, especially in light of Ford Motor Company’s decisions to optimize the fitness of its business 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 some rivals. FCA was first to discontinue most of its sedans and General Motors beat Ford to the punch to heavily invest in EVs and autonomous tech.