The value of Ford stock increased during the September 9th, 2024 – September 13th, 2024 timeframe. Shares closed the week at $10.69, which represented a one percent boost, or $0.11 increase in value compared to the prior week’s closing value of $10.58.
Movement & Ranges
| Date | Open | Close/Last | High | Low |
|---|---|---|---|---|
| 09/13/2024 | $10.68 | $10.69 | $10.79 | $10.62 |
| 09/12/2024 | $10.40 | $10.62 | $10.65 | $10.31 |
| 09/11/2024 | $10.31 | $10.45 | $10.46 | $10.13 |
| 09/10/2024 | $10.49 | $10.32 | $10.49 | $10.17 |
| 09/09/2024 | $10.61 | $10.66 | $10.76 | $10.54 |
By comparison, shares of General Motors dropped in value by $0.84, or about two percent, during the same timeframe.
The slight boost in Ford share value during the week follows a five percent decrease from last week, which in turn followed a less than one percent increase during the preceding five day trading period.
Ford Pro CEO Ted Cannis announced his retirement 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.
- 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
| 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 |
| September 3rd | $11.08 |
Ford share values are now 11 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.
Comments
as for me with there help all with gas or eletric and get over this little warrenty bump ford stock is about to raise to 15.80 next 2 month starting sept 12 monday feds drop rates after that again to drop and the ecomony is growing better good investment stock with dividends well worth buying into this stock drop opertunity smart money growing with ford
we all agree