The value of Ford stock decreased marginally during the August 26th, 2024 – August 30th, 2024 timeframe. Shares closed the week at $11.19, which represented a less than one percent dip, or $0.08 decrease in value compared to the prior week’s closing value of $11.27.
Movement & Ranges
Ford Stock Values - August 26th - August 30th, 2024 | Date | Open | Close/Last | High | Low |
|---|
| 08/30/2024 | $11.15 | $11.19 | $11.22 | $11.06 |
| 08/29/2024 | $11.02 | $11.11 | $11.20 | $10.99 |
| 08/28/2024 | $11.10 | $11.04 | $11.19 | $10.98 |
| 08/27/2024 | $11.12 | $11.14 | $11.22 | $10.99 |
| 08/26/2024 | $11.32 | $11.11 | $11.37 | $11.07 |
By comparison, shares of General Motors increased in value by $1.21, or two and a half percent, during the same timeframe.
The marginal dip in Ford share value during the week follows a seven percent decrease from last week, which in turn followed a four percent increase during the preceding five day trading period.
Ford revealed the updated 2025 Ford Bronco Sport during the week.
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:
- An expansion and spinoff for Ford’s leading commercial vehicle business with a suite of software services that drive loyalty and recurring revenue streams.
- An alliance with German automaker Volkswagen.
- Adding more affordable vehicles to Ford’s global lineup, including in North America.
- Having Ford Europe transition to zero-emissions vehicles by 2027 and switch completely over to full EVs by 2030.
- The launch of Ford Ion Park, a facility designed to facilitate R&D initiatives on battery production.
- An investment in Solid Power, a producer of solid-state batteries.
- BlueOvalSK, a joint venture between Ford and SK Innovation, Ford’s preferred supplier of EV batteries, which will bolster Ford’s EV manufacturing ambitions, specifically at two upcoming facilities expected to come online in 2026
- A partnership with Google that will transform the company’s manufacturing operations and see future Ford Motor Company vehicles sport Android-powered infotainment systems.
- Buyout programs for employees involved in legacy ICE powertrain and platform development and general workforce reductions to cut costs amid the EV pivot.
- Realigning markets according to what’s outlined in the Ford+ plan, which seeks cost reductions in underperforming regions such as South America and India, in addition to reducing overall headcounts via attrition.
- Supporting green initiatives with a comprehensive sustainable financing framework.
- Working with semiconductor manufacturer GlobalFoundries to secure additional microchips for its vehicles.
- Securing batteries from multiple companies wherever possible.
- Developing Ford Pro as a one-stop shop for commercial fleet management as it relates to fully electric work vehicles.
- Further strengthening its digital and connected services by entering into collaborations with companies like Stripe and ADT for payment systems and vehicle security, respectively.
- The creation of Ford Blue and Ford Model e, two divisions tasked with gasoline and fully electric vehicle development, respectively.
- Making current and future Ford EVs more compatible with the Tesla Supercharger network via a new agreement.
- Flexible EV production timing as demand for battery electric vehicles remains unpredictable.
- The development of a third, low-cost EV platform to head off Chinese competition.
- A streamlined EV production rollout and the ability to offer gasoline, hybrid, and fully electric vehicles across the globe and flexible production that can adapt to consumer tastes.
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 |
| June 3rd | $12.25 |
| July 1st | $12.56 |
| August 1st | $10.86 |
Ford share values are now seven percent 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.
By Edward Snitkoff
Ed owns a 1986 Ford Taurus LX, and he routinely daydreams about buying another one, a fantasy that may someday become a reality.
