The value of Ford stock decreased during the July 15th, 2019 – July 19th, 2019 timeframe. Shares closed the week at $10.20 per share, which represents a decrease of $0.29 per share compared to last week’s closing value of $10.49.
Ford shares saw the following movement during the week:
Monday, July 15th: Ford stock opened the day (and the week) at $10.49 and closed at $10.42
Tuesday, July 16th: Ford stock opened at $10.37 and closed at $10.51
Wednesday, July 17th: Ford stock opened at $10.48 and closed at $10.33
Thursday, July 18th: Ford stock opened at $10.30 and closed at $10.26
Friday, July 19th: Ford stock opened at $10.30 and closed the week at $10.20, or $0.29 more than last week
This decrease comes during a fairly unstable time for Ford stock. The value grew $0.29 last week before declining an equal $0.29 this week. Ford shares began with an initial rebound in value five weeks prior. That was then followed by four consecutive weeks of declines. By comparison, shares of Ford’s cross-town rival – General Motors Company – increased less than 1 percent, or $0.27 per share, during the same time frame.
We remain interested in seeing how Ford stock fares throughout the rest of 2019, especially in light of various Dearborn-based automaker’s actions to optimize its business by discontinuing all sedans to focus on more profitable crossovers, SUVs, and pickup trucks in the North American market, while at the same time investing in resource-intensive autonomous vehicle technologies and electric vehicles, which have yet to turn a profit for any OEM.
It’s worth noting that The Blue Oval started to move on both fronts much later than its rivals. For instance, FCA was the first to discontinue most of its sedan portfolio and General Motors started to invest heavily into EVs and autonomous vehicles earlier than The Blue Oval. This week, The Blue Oval announced details of its partnership with Volkswagen that would result in VW investing into Ford’s Argo AI venture.
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