The value of Ford stock increased during the July 8th, 2019 – July 12th, 2019 timeframe. Shares closed the week at $10.49 per share, which represents an increase of $0.29 per share compared to last week’s closing value of $10.20.
Ford shares saw the following movement during the week:
- Monday, July 8th: Ford stock opened the day (and the week) at $10.20 and closed at $10.20
- Tuesday, July 9th: Ford stock opened at $10.17 and closed at $10.14
- Wednesday, July 10th: Ford stock opened at $10.19 and closed at $10.11
- Thursday, July 11th: Ford stock opened at $10.15 and closed at $10.19
- Friday, July 12th: Ford stock opened at $10.26 and closed the week at $10.49, or $0.29 more than last week
This increase comes during a fairly unstable time for Ford stock. Prior to the slight decline last week, Ford shares began with an initial rebound in value five weeks prior. That was followed by four consecutive weeks of declines. By comparison, shares of Fiat Chrysler Automobiles grew to just one penny per share this week, while the value of GM stock increased by $0.71 per share, or two 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. This week, The Blue Oval announced details of its partnership with Volkswagen that would result in VW investing into Ford’s Argo AI venture.