The value of Ford stock increased during the September 2nd, 2019 – September 6th, 2019 timeframe. Shares closed the week at $9.34 per share, which represents an increase of $0.17 per share, or 2 percent, compared to the prior week’s closing value of $9.17.
Ford shares saw the following movement during the week:
- Monday, September 2nd: Market closed due to Labor Day holiday
- Tuesday, September 3rd: Ford stock opened at $9.18 and closed at $9.10
- Wednesday, September 4th: Ford stock opened at $9.17 and closed at $9.20
- Thursday, September 5th: Ford stock opened at $9.25 and closed at $9.34
- Friday, September 6th: Ford stock opened at $9.37 and closed the week at $9.34, or $0.17 higher than last week
By comparison, shares of Ford’s cross-town rival – General Motors Company – increased $1.69 per share, or nearly 5 percent, during the same time frame.
The decrease in Ford stock value two weeks prior was likely a direct result of various economic indicators suggesting a looming recession, along with the ongoing escalation of the U.S.-China trade war.
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.
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.