The value of Ford stock increased during the September 9th, 2019 – September 13th, 2019 timeframe. Shares closed the week at $9.45 per share, which represents an increase of $0.11 per share, or 1 percent, compared to the prior week’s closing value of $9.34.
Ford shares saw the following movement during the week:
- Monday, September 9th: Ford stock opened the day (and the week) at $9.39 and closed at $9.54
- Tuesday, September 10th: Ford stock opened at $9.08 and closed at $9.42
- Wednesday, September 11th: Ford stock opened at $9.29 and closed at $9.42
- Thursday, September 12th: Ford stock opened at $9.36 and closed at $9.41
- Friday, September 13th: Ford stock opened at $9.47 and closed the week at $9.45, or $0.11 higher than last week
By comparison, shares of Ford’s cross-town rival – General Motors Company – increased $0.08 per share, or 1 percent, during the same time frame.
The decrease in Ford stock value three weeks prior was likely a direct result of indicators showing an upcoming economic recession, along with the ongoing escalation of the U.S.-China trade war.
We remain interested 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.