The value of Ford stock increased slightly during the June 24th, 2019 – June 28th, 2019 timeframe. Shares closed the week at $10.23 per share, which represents an increase of $0.24 per share compared to last week’s closing value of $9.99.
Ford shares saw the following movement during the week:
- Monday, June 24th: Ford stock opened the day (and the week) at $9.95 and closed at $9.95
- Tuesday, June 25th: Ford stock opened at $9.97 and closed at $9.84
- Wednesday, June 26th: Ford stock opened at $9.87 and closed at $9.91
- Thursday, June 27th: Ford Motor Company stock opened at $10.04 and closed at $10.20
- Friday, June 28th: Ford stock opened at $10.21 and closed the week at $10.23, or $0.24 more than last week
This growth comes after a rebound in value three weeks prior, which followed four consecutive weeks of declines. By comparison, shares of Fiat Chrysler Automobiles declined to $0.08 per share this week, while the value of GM stock grew by $1.61 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, along with electric vehicles, which have yet to turn a profit for many OEMs.
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.