Ford Authority

Ford Stock Stable During Week Of June 3rd – June 7th, 2024

The value of Ford stock remained stable during the June 3rd, 2024 – June 7st, 2024 timeframe. Shares closed the week at $12.15, which represented a less than one percent increase, or $0.02 rise in value compared to the prior week’s closing value of $12.13.

Movement & Ranges

Ford Stock Values - June 3rd - June 7th, 2024
Date Open Close/Last High Low
06/07/2024 $12.00 $12.15 $12.16 $11.95
06/06/2024 $11.98 $12.07 $12.10 $11.96
06/05/2024 $12.05 $12.07 $12.12 $11.82
06/04/2024 $12.08 $12.03 $12.13 $11.96
06/03/2024 $12.25 $12.19 $12.32 $12.02

By comparison, shares of General Motors increased in value by $0.73, or about two percent, during the same timeframe.

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

There were several important events during the week. Ford announced the departure of Ford Model e Europe head Martin Sander, who will return to Volkswagen next month. The company also release its May 2024 U.S. sales results during the week as well. Finally, the automaker announced that mass production of the Ford Explorer EV has begun in Germany.

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 less than one percent higher 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.

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