Ford Stock Rises 4%, Market Cap Tops $100 Billion
Shares of Ford Motor Co. rose 4% in midday trading Thursday, sending the automaker's market value above $100 billion for the first time ever.
From the Equity Insider archive. This article dates from Jan 14, 2022 and is preserved as first published.
Shares of Ford Motor Co. rose 4% in midday trading Thursday, sending the automaker’s market value above $100 billion for the first time ever.
The stock rose more than 136% last year, outpacing the S&P 500’s 27% rally. Shares are already up more than 22% so far this year.
The gains over the past 12 months have come as the company leans into the shift toward electric vehicles. Last week, the company said it is doubling its production goal for the new electric version of the F-150 pickup truck, citing high demand for the model.
The gains over the past 12 months have come as the company leans into the shift toward electric vehicles.
The stock last traded at $25.44 a share, giving the company a market capitalization of $101.6 billion.
