The value of Ford stock remained steady during the April 29th, 2019 – May 3rd, 2019 timeframe. Shares closed the week at $10.41 per share, identical to last week’s closing value of $10.41.
The shares saw the following movement during the week:
- Monday, April 29th: Ford stock opened the day (and the week) at $10.36 and closed at $10.32
- Tuesday, April 30th: Ford stock opened at $10.29 and closed at $10.45
- Wednesday, May 1st: Ford stock opened at $10.45 and closed at $10.30
- Thursday, May 2nd: Ford Motor Company stock opened at $10.30 and closed at $10.34
- Friday, May 3rd: Ford stock opened at $10.34 and closed the week at $10.41, or the same value as last week
The lack of movement in Ford share value follows last week’s very strong performance, which saw the largest growth in a weekly time period experienced by Ford shares so far this year. In addition, this week’s performance ends a streak of growth for Ford Motor Company shares, which saw six consecutive weeks of growth. By comparison, shares of Fiat Chrysler Automobiles grew to $15.86 per share this week, while the value of GM stock fell by $0.88 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 started commenced on both moves much later than its rivals. For instance, FCA was first to discontinue most of its sedan portfolio and General Motors started to make heavy investments into EVs and autonomous vehicles earlier than The Blue Oval.