Ford Stock Drops 5 Percent During Week Of August 12 – August 16, 2019

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The value of Ford stock decreased during the August 12th, 2019 – August 16th, 2019 timeframe. Shares closed the week at $8.96 per share, which represents a decrease of $0.49 per share, or 5 percent, compared to the prior week’s closing value of $9.45.

Ford shares saw the following movement during the week:

  • Monday, August 12th: Ford stock opened the day (and the week) at $9.39 and closed at $9.29
  • Tuesday, August 13th: Ford stock opened at $9.29 and closed at $9.26
  • Wednesday, August 14th: Ford stock opened at $9.13 and closed at $9.00
  • Thursday, August 15th: Ford stock opened at $9.06 and closed at $8.86
  • Friday, August 16th: Ford stock opened at $8.93 and closed the week at $8.96, or $0.49 lower than last week

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The decrease in Ford stock value last week is likely directly attributable to various indicators suggesting an economic recession is coming, along with the ongoing escalation of the U.S.-China trade war.

By comparison, shares of Ford’s cross-town rival – General Motors Company – decreased $2.61 per share, or nearly 7 percent, during the same time frame.

Ford Stock Values - August 12, 2019 - August 16, 2019
Date Open Close High Low
2019/8/16 8.93 8.96 9 8.81
2019/8/15 9.06 8.86 9.06 8.78
2019/8/14 9.13 9 9.15 8.96
2019/8/13 9.29 9.26 9.42 9.18
2019/8/12 9.39 9.29 9.43 9.28

We remain curious to see 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 result in a positive ROI for any automaker.

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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. In July, The Blue Oval announced details of its partnership with Volkswagen that would result in VW investing into Ford’s Argo AI venture.

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Written by Francisco Cruz

Frankie's first favorite car was a 1968 Ford Mustang, and he's had a strong appreciation for the nameplate ever since. Later in his youth he became infatuated with Eleanor, thanks to Nicholas Cage's stellar performance.

Frank's a real jokester, too.

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