The value of Ford stock remained unchanged during the April 1st, 2024 – April 5th, 2024 timeframe. Shares closed the week at $13.28, which represented a zero percent change, or $0.00 difference in value compared to the prior week’s closing value of $13.28.
| Date | Open | Close/Last | High | Low |
|---|---|---|---|---|
| 04/05/2024 | $13.27 | $13.28 | $13.40 | $13.09 |
| 04/04/2024 | $13.90 | $13.21 | $13.95 | $13.17 |
| 04/03/2024 | $13.25 | $13.65 | $13.68 | $13.23 |
| 04/02/2024 | $13.16 | $13.28 | $13.37 | $13.09 |
| 04/01/2024 | $13.33 | $13.29 | $13.38 | $13.14 |
By comparison, shares of General Motors dropped in value by $1.12, or just over two percent, during the same timeframe.
The nonmovement in Ford share values during the week follows a three percent increase from last week, which in turn followed a seven percent increase during the preceding five day trading period.
There were two important developments during the week. First, Ford released its first quarter U.S. sales results for 2024. Additionally, it outlined a new timetable for its upcoming EVs, with the next-generation EV pickup and three-row crossover getting delayed by one and two years, respectively. In the same announcement, the automaker said that all of its internal combustion lineup will offer hybrid options by 2030.
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:
| Month | Opening Value |
|---|---|
| January 2nd | $12.04 |
| February 1st | $11.82 |
| March 1st | $12.53 |
| April 1st | $13.33 |
Ford share values are now valued 10 percent higher when compared to the first day of trading in 2024. 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. Wall Street continues to grapple with how it should evaluate legacy automakers in the wake of the ongoing EV transition. That said, Ford has frequently shifted its EV product plans and goals, likely adding to skepticism from investors.
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