The value of Ford stock increased during the April 8th, 2019 – April 12th, 2019 timeframe. Shares closed the week at $9.45 per share, which represents an increase of $0.20 per share, or 2 percent, compared to last week’s closing value of $9.25.
The shares experienced the following movement during the week:
- Monday, April 8th: Ford stock opened the day (and the week) at $9.18 and closed at $9.30
- Tuesday, April 9th: Ford stock opened at $9.27 and closed at $9.21
- Wednesday, April 10th: Ford stock opened at $9.23 and closed at $9.33
- Thursday, April 11th: Ford Motor Company stock opened at $9.35 and closed at $9.39
- Friday, April 12th: opened at $9.49 and closed at $9.45, which is $0.24 higher than the closing value last week
Though a 20 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 four consecutive weeks of growth for Ford Motor Company shares. By comparison, shares of Fiat Chrysler Automobiles rose $0.32 this week, while the value of GM stock rose by $0.77.
We remain curious in seeing how Ford stock fares in 2019, especially in light of Ford Motor Company’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 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.