Ford stock posts best month since the Great Recession

2023 Ford F-150 Raptor R


DETROIT — Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a major swing for the Detroit automaker this yr.

Shares closed Monday at $15.34, up 4.4%. The positive aspects added to the stock growing by 31.9% in July. It was the best month-to-month share achieve for Ford shares since 127.4% in April 2009, when Ford was rising from the Great Recession with out going by way of chapter like its crosstown rivals General Motors and then-Chrysler.

Ford’s stock efficiency in July was pushed by a gentle stream of product-related bulletins, together with that it has secured battery provides for its upcoming electrical autos, in addition to a 14.6% improve final week amid the firm reporting second-quarter outcomes that beat Wall Street’s expectations.

Ford final week additionally reiterated its earlier steering for the full yr and stated that it’s going to improve its quarterly dividend to fifteen cents per share, the quantity it paid earlier than the Covid-19 pandemic.

Ford considerably outperformed GM, which was up by 14.2% final month, in addition to different U.S.-listed automakers akin to Stellantis, which was up 16.3%, Ferrari, up 15.1%, and Toyota Motor, up 5.5%. It did not outperform others akin to Rivian, which was up 33.3% final month, and Tesla, up 32.4%.

Ford’s stock stays off by about 26% in 2022, after being the high progress stock amongst U.S.-listed automakers final yr.

— CNBC’s John Rosevear and Michael Bloom contributed to this report.


Please enter your comment!
Please enter your name here

Popular Posts

British Prime Minister to seek negotiated solution over Northern Ireland

British Prime Minister Liz Truss, who took workplace in September, has introduced a sweeping program of financial reforms.David Dee Delgado | ReutersBritish Prime Minister...

Apple issues iOS 16.0.2 update to fix digicam, hard reset bugs

Apple unveiled 4 new iPhones, three new Apple Watches and an up to date AirPods Pro throughout a press occasion on Wednesday in Cupertino,... says China hotel bookings are surpassing pre-pandemic levels

BEIJING — Hotel reservations in China have surpassed pre-pandemic levels since late June, reserving web site mentioned shares briefly fell by greater...

The Witcher season 3 slices its way to Netflix in summer 2023

Netflix’s 2022 Tudum occasion gave followers updates on two upcoming tasks in the Witcher universe. The third season of The Witcher, starring...

This Week In History Information, Sept. 18

Ancient Ho-Chunk canoe present in Wisconsin, Byzantine mosaic uncovered in Gaza, Bronze Age opium unearthed in Israel.Archaeologists In Wisconsin Just Pulled A 3,000-Year-Old Ho-Chunk...