Ford Stock (NYSE: F) break its seven-day winning streak on Friday, July 19th, 2024. The Ford stock closed down 3.92% at $13.98. While this may seem like a significant drop, it’s important to put it in context.
Despite this setback, Ford stock has still gained about 17.09% over the past months, showing that the company has seen overall positive performance in the market.
Stock prices naturally fluctuate, and a single day’s drop doesn’t necessarily indicate a long-term negative trend for Ford.
Ford Stock Down, Possible Factors:
The overall stock market experienced a downturn on that day, with major indices like the Dow Jones Industrial Average and the S&P 500 also closing lower. This negative market sentiment can influence individual stocks like Ford.
After a seven-day winning streak and past month gains, some investors may have decided to sell their Ford shares to lock in profits. This selling pressure may drive the price down.
While the overall consensus rating for Ford remains a “Buy,” some analysts have recently downgraded their outlook or price targets for the stock. This could have influenced investor sentiment and contributed to selling.
Ford Share Analyst Ratings:
Consensus Rating: Buy
- Average Rating Score: (Varies depending on source)
- Number of Buy Ratings: 29 (Markets Insider)
- Number of Hold Ratings: 19 (Markets Insider)
- Number of Sell Ratings: 4 (Markets Insider)
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