The value of Ford stock increased by more than 2 percent during the June 10th, 2019 – June 14th, 2019 timeframe. Shares closed the week at $9.98 per share, or $0.22 higher than last week’s closing value of $9.76.
Ford shares saw the following movement during the week:
- Monday, June 10th: Ford stock opened the day (and the week) at $9.89 and closed at $9.82
- Tuesday, June 11th: Ford stock opened at $9.87 and closed at $9.92
- Wednesday, June 12th: Ford stock opened at $9.90 and closed at $9.85
- Thursday, June 13th: Ford Motor Company stock opened at $9.87 and closed at $10.06
- Friday, June 14th: Ford stock opened at $10.03 and closed the week at $9.98, or $0.22 more than last week
This growth in Ford stock comes after a rebound in value the week prior, which followed four consecutive weeks of declines. Before that, Ford stock value experienced six consecutive weeks of growth. In general, the automotive stock market followed a similar ebb and flow as a whole. By comparison, shares of Fiat Chrysler Automobiles grew to $13.27 per share this week, while the value of GM stock grew by $0.23 per share, or less than 1 percent.
We posit that the positive results were impacted by the potential resolution to the United States and China trade war, which has intensified over the past few months. In addition, the Trump administration recently announced a surprise Mexico tariff threat, which was promptly resolved. Tariffs and trade wars create a significant amount of uncertainty in global economies and markets, and stock markets typically react 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 on both moves much later than its rivals. For instance, FCA was the first to discontinue most of its sedan portfolio and General Motors started to invest heavily into EVs and autonomous vehicles earlier than The Blue Oval.
Subscribe to Ford Authority for ongoing Ford stock news and complete Ford news coverage.
About time I own 100 Shares would like some $$$$$$