The value of Ford stock decreased by almost 5 percent during the May 20th, 2019 – May 24th, 2019 timeframe. Shares closed the week at $9.83 per share, or $0.46 lower than last week’s closing value of $10.29.
The shares saw the following movement during the week:
- Monday, May 20th: Ford stock opened the day (and the week) at $10.29 and closed at $10.28
- Tuesday, May 21st: Ford stock opened at $10.31 and closed at $10.24
- Wednesday, May 22nd: Ford stock opened at $10.17 and closed at $9.97
- Thursday, May 23rd: Ford Motor Company stock opened at $9.85 and closed at $9.85
- Friday, May 24th: Ford stock opened at $9.92 and closed the week at $9.83, or $0.46 less than last week
This marks the third consecutive week of a decline in Ford stock value. The steady decline follows six consecutive weeks of growth. By comparison, shares of Fiat Chrysler Automobiles fell to $12.85 per share this week, while the value of GM stock fell by $1.88 per share.
We posit that the negative results are caused by the ongoing trade war between the United States and China, which has intensified over the past few months. The circumstance that creates a significant amount of uncertainty in global economies and markets, and stock markets typically reach negatively to trade wars and uncertainty.
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.