The value of Ford stock decreased slightly during the July 1st, 2019 – July 5th, 2019 timeframe. Shares closed the week at $10.20 per share, which represents a decrease of $0.03 per share compared to last week’s closing value of $10.23.
Ford shares saw the following movement during the week:
- Monday, July 1st: Ford stock opened the day (and the week) at $10.34 and closed at $10.15
- Tuesday, July 2nd: Ford stock opened at $10.15 and closed at $10.12
- Wednesday, July 3rd: Ford stock opened at $10.18 and closed at $10.20
- Thursday, July 4th: Market closed due to Independence Day holiday.
- Friday, July 5th: Ford stock opened at $10.17 and closed the week at $10.20, or $0.03 less than last week
This slight decline comes during an unstable time for Ford stock, following an initial rebound in value four weeks prior, itself following four consecutive weeks of declines. By comparison, shares of Fiat Chrysler Automobiles grew to $14.12 per share this week, while the value of GM stock fell by $0.03 per share, or less than a 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.
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