Ford Authority

Ford Stock Down Four Percent During Week Of May 6th – May 10th, 2024

The value of Ford stock decreased four percent during the May 6th, 2024 – May 10th, 2024 timeframe. Shares closed the week at $11.99, which represented a four percent dip, or $0.44 drop in value compared to the prior week’s closing value of $12.43.

Ford E-Transit Extended Ranger Europe - Exterior 001 - Front Three Quarters

Movement & Ranges

Ford Stock Values - May 6th - May 3th, 2024
Date Open Close/Last High Low
05/10/2024 $12.14 $11.99 $12.17 $11.91
05/09/2024 $12.14 $12.13 $12.22 $12.06
05/08/2024 $12.08 $12.15 $12.25 $12.02
05/07/2024 $12.40 $12.17 $12.45 $12.09
05/06/2024 $12.54 $12.50 $12.62 $12.46

By comparison, shares of General Motors increased in value by $0.35, or less than one percent percent, during the same timeframe.

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

During the week, Ford announced that Chief Financial Office John Lawler will step down from the position in 2025 to become Vice Chair. Sherry House will replace Lawler.

2024 Ford Mustang Dark Horse And Mustang Mach-E China Wallpaper - 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:

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
May 1st $12.16

Ford share values are now slightly lower when compared to the first day of trading in 2024. 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. It has now settled on an “everything for everyone” approach to its lineup that gives buyers a choice between gas, hybrid, and all-electric vehicles.

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.

Subscribe to Ford Authority

For around-the-clock Ford news coverage

We'll send you one email per day with the latest Ford updates. It's totally free.

No Comments yet

Leave a comment