The value of Ford stock increased slightly during the June 17th, 2019 – June 21st, 2019 timeframe. Shares closed the week at $9.99 per share, which represents an increase of $0.01 per share compared to last week’s closing value of $9.98.
Ford shares saw the following movement during the week:
- Monday, June 17th: Ford stock opened the day (and the week) at $9.99 and closed at $10.05
- Tuesday, June 18th: Ford stock opened at 10.08 and closed at $10.10
- Wednesday, June 19th: Ford stock opened at $10.15 and closed at $10.04
- Thursday, June 20th: Ford Motor Company stock opened at $10.13 and closed at $10.04
- Friday, June 21st: Ford stock opened at $10.03 and closed the week at $9.99, or $0.01 more than last week
The slight growth in Ford stock comes after a rebound in value two weeks prior, which followed four consecutive weeks of declines. In general, the automotive stock market followed a similar ebb and flow as a whole. By comparison, shares of Fiat Chrysler Automobiles grew to $13.90 per share this week, while the value of GM stock grew by $1.26 per share, or about 4 percent.
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 to move on both fronts 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.