Ford Stock Rises to $20 After 20 Years
F.us - H1
The share price of Ford Motor Company hit the $20 mark for the first time in more than 20 years, with F.us registering a staggering nearly 130% year-to-date rally, as investors appear to like its recent turnaround plan under the new CEO.
Back in May, the firm announced that under the Ford+ plan, it aims for 40% of Ford global vehicle volume to be all-electric by 2030, while raising planned electrification spending to $30+ billion by 2025. [1]
In late October, the Dearborn Michigan firm released its Q3 financial results, which trumped expectations, despite Revenues declining y/y to $37.501 billion. Net Income rose to $2.390 billion, helped by significant increases in semiconductor availability, which had troubled the car maker in previous quarters. Ford also upgraded its forward guidance for full year 2021. [2]
Earlier in the month, it announced 175,918 Total US Sales in October and set a record with the 14,062 electrified vehicles sold [3], underscoring its aggressive push in the EV arena.
After yesterday's rise, F.us has the ability to open with gains today, but may not yet be ready to challenge the 21.69 area, which would open the door for 22.56. From a technical prospective, the move looks overextended and a correction may precede such moves. A slide back towards 19.00 cannot be ruled out, but sustained decline would require some catalyst.
Past Performance: Past Performance is not an indicator of future results.
Nikos Tzabouras
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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