The value of Ford stock decreased during the July 22nd, 2019 – July 26th, 2019 timeframe. Shares closed the week at $9.57 per share, which represents a decrease of $0.63 per share, or 6 percent, compared to last week’s closing value of $10.20.
Ford shares saw the following movement during the week:
- Monday, July 22nd: Ford stock opened the day (and the week) at $10.13 and closed at $10.02
- Tuesday, July 23rd: Ford stock opened at $10.13 and closed at $10.17
- Wednesday, July 24th: Ford stock opened at $10.18 and closed at $10.33
- Thursday, July 25th: Ford stock opened at $9.75 and closed at $9.56
- Friday, July 26th: Ford stock opened at $9.58 and closed the week at $9.57, or $0.63 less than last week
This decrease marks the second consecutive week of declines. Ford share values grew $0.29 two weeks ago before declining an equal $0.29 last week. Ford shares began the ebb and flow with an initial rebound in value five weeks prior. By comparison, shares of Ford’s cross-town rival – General Motors Company – increased more than 3 percent, or $1.29 per share, during the same time frame.
We remain interested in seeing how Ford stock performs throughout the rest of 2019, especially in light of various actions by the Dearborn-based automaker 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 resource-intensive autonomous vehicle technologies like its Argo AI autonomous service as well as electric vehicles. Both initiatives have yet to turn a profit for any OEM.
It’s worth noting that The Blue Oval started both efforts 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. Earlier this month, The Blue Oval announced details of its partnership with Volkswagen that would result in VW investing into Ford’s Argo AI venture.