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:
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.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 2019/6/14 | 10.03 | 9.99 | 10.04 | 9.94 |
| 2019/6/13 | 9.87 | 10.06 | 10.06 | 9.8 |
| 2019/6/12 | 9.9 | 9.85 | 9.93 | 9.84 |
| 2019/6/11 | 9.87 | 9.92 | 9.98 | 9.79 |
| 2019/6/10 | 9.89 | 9.82 | 10.03 | 9.76 |
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.
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Interest-free financing and more on compact luxury crossover.
Interest-free financing and more on the compact crossover.
Its wide bodywork and massive tires suggest so.
Another nice example of the last-gen T-Bird.
The legal back and forth continues.
It will help the automaker avoid tariffs.
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