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Ford Authority

Ford Stock Down Five Percent During Week Of April 8th – April 12th, 2024

The value of Ford stock dropped five percent during the April 8th, 2024 – April 12th, 2024 timeframe. Shares closed the week at $12.61, which represented a five percent dip, or $0.67 decrease in value compared to the prior week’s closing value of $13.28.

Movement & Ranges

Ford Stock Values - April 8th - April 12th, 2024
Date Open Close/Last High Low
04/12/2024 $12.92 $12.61 $12.92 $12.50
04/11/2024 $13.11 $13.04 $13.14 $12.91
04/10/2024 $13.26 $13.06 $13.29 $12.95
04/09/2024 $13.47 $13.54 $13.59 $13.34
04/08/2024 $13.35 $13.41 $13.54 $13.35

By comparison, shares of General Motors dropped in value by $1.15, or just under three percent, during the same timeframe.

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

Ford made several announcements during the week. It outlined changes to the 2024 Ford Mustang Mach-E lineup, revealed that the 2024 Ford F-150 and 2024 Ford Ranger are officially shipping out to dealers, and debuted a new ad campaign focused on its diverse product lineup.

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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:

Stock Performance Year-To-Date

Ford Stock Values - January - December 2024
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 five 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.

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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