While GM has captured many of the headlines for it’s IPO, there’s also big news from Ford Motor Company. Ford’s stock is strong, and getting stronger.
For the first time in six years, Ford Motor Company stock surpassed $16.00 a share on Friday, or a 15% increase during the week.
Ford officials say stock prices responded to an increase in demand for pickups, SUV’s and cars. The good news also included an increased share of the U.S. market for the blue oval, with an annual rate of 12.3 million.
The auto maker has now won 16.7% of the market in the first 10 months of this year. Of 17 analysts covering Ford, 11 recommend buying shares, five advise to hold, and only one recommends selling.
Copyright, 2010. WWJ Newsradio 950, All Rights Reserved.