The value of Ford stock increased during the April 22nd, 2019 – April 26th, 2019 timeframe. Shares closed the week at $10.41 per share, which represents an increase of $0.86 per share, or 9 percent, compared to last week’s closing value of $9.55.
The shares saw the following movement during the week:
- Monday, April 22nd: Ford stock opened the day (and the week) at $9.58 and closed at $9.50
- Tuesday, April 23rd: Ford stock opened at $9.36 and closed at $9.60
- Wednesday, April 24th: Ford stock opened at $9.45 and closed at $9.57
- Thursday, April 25th: Ford Motor Company stock opened at $9.52 and closed at $9.40
- Friday, April 26th: Ford stock opened at $10.03 and closed the week at $10.41, or $0.86 cents higher than last week
The $0.86 (86 cent) increase ties for the largest growth in a weekly time period experienced by Ford shares so far this year. In addition, this week’s gains mark six consecutive weeks of growth for Ford Motor Company shares. By comparison, shares of Fiat Chrysler Automobiles fell about $1.00 this week, while the value of GM stock fell by $0.62 per share.
We remain interested in seeing how Ford stock fares throughout the rest of 2019, especially in light of the Dearborn-based automaker’s decisions to optimize 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.