Ford Authority

Ford Stock Down 14 Percent During Week Of October 23rd – 27th, 2023

The value of Ford stock plummeted during the October 23rd, 2023 – October 27th, 2023 timeframe. Shares closed the week at $9.96, which represents a staggering 14 percent dip, or $1.68 drop in value compared to the prior week’s closing value of $11.64.

Movement & Ranges

Ford Stock Values - October 23rd - October 27th, 2023
Date Open Close/Last High Low
10/27/2023 $10.93 $9.96 $10.97 $9.90
10/26/2023 $11.91 $11.35 $11.93 $11.33
10/25/2023 $11.35 $11.54 $11.64 $11.21
10/24/2023 $11.50 $11.39 $11.57 $11.38
10/23/2023 $11.55 $11.48 $11.69 $11.42

By comparison, shares of General Motors dropped in value by $2.44, or just over eight percent, during the same timeframe.

Ford Mustang Mach-E Taiwan - Exterior 003 - Rear Three Quarters

The substantial drop in Ford share values during the week follows a one percent drop from last week, which in turn followed a three percent drop during the preceding five day trading period.

There were several extremely important developments during the week. Ford made a tentative deal with the UAW for a new contract, ending the strike for the automaker. Additionally, it reported its third quarter 2023 earnings and announced it was pulling back on about $12 billion in EV investments due to softening demand.

Ford Charge Assist Public Charging F-150 Lightning - Exterior 001 - Front Three Quarters

Ford CEO Jim Farley has been steadfastly outlining The Blue Oval’s future since assuming the role in October 2020. The company’s key goals and organizational changes include:

Ford Beyond Store China Exterior 001

Stock Performance Year-To-Date

Ford Stock Values - January - December 2023
Month Opening Value
January 3rd $11.82
February 1st $13.52
March 1st $12.35
April 3rd $12.53
May 1st $12.01
June 1st $12.07
July 3rd $15.15
August 1st $13.15
September 1st $12.16
October 2nd $12.38

Ford share values are 16 percent lower when compared to the first day of trading in 2023. The supply chain crisis, microchip shortage, and macroeconomic concerns about the state of the global economy has clearly rattled investors, which in turn has impacted the value of Ford stock, despite the company’s best efforts to be transparent about its future plans. Additionally, Wall Street does not seem to be warming up to the company’s ongoing EV strategy, which has been modified as of late to account for demand and pricing changes. The ongoing UAW strike has also rattled investors as well, although that will fade with this week’s tentative deal should members vote on the agreement.

We’ll be here to report the latest developments about Ford stock, so be sure to subscribe to Ford Authority for ongoing Ford stock news and around-the-clock Ford news coverage.

Ed owns a 1986 Ford Taurus LX, and he routinely daydreams about buying another one, a fantasy that may someday become a reality.

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  1. Mackie

    Stock market corrections are usually defined as a 10% to 20% drop. This ‘normally’ occurs over a period of months before leveling off.
    When a company that will earn over 10B this year has a 17% drop in 1 week, it’s not a correction, is a manipulated SELL OFF. A company that is valued now at 40B earns 10B/year? Did America stop buying trucks this week, forever? Don’t fall for the EV doom and gloom or labor cost bump. It’s a level playing field soon for Ford/GM/Stellantis (who America buys trucks from). You think everybody will jump to Toyotas, or (lol) Tesla Cybertrucks???
    This UAW contract may as well be 8 years because they’ll get ZILCH the next go-round. Ford’s next gen EVs will be positive margin, even break-even won’t drag down the ICE/Pro numbers and would be a huge win.
    STRONG BUY. Ignore fear mongers below this post – they missed the short if that is the intent, that bone’s been picked dry as of today.

  2. Mf

    Honestly with the way their leadership has been, I expect them to drop a lot more. I could see them under 8$ before EOY.

  3. SCEcoBoost

    If this continues and the Ford board is still obsessed with stock price, Mr. Farley will be exiting stage left. About time.

  4. David Dickinson II

    So, in the past 3 months, Ford’s stock lost over 1/3 of its value. Ouch.


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