Let’s take a look at the performance of some of the most popular auto stocks on the market from last week.
While some stocks perform well from week to week, sometimes, you want to find that consistent performer, and that typically comes with a name you love. With that in mind, many of the stocks we’re going to review this week are brands you’re intimately familiar with and may drive right now.
Toyota Motors Corp (TM)
Toyota Motors Corp (TM) showed some movement upward last week with a strong spike all day on Wednesday. This stock opened on Tuesday at $140.08 and closed on Friday at $141.62. While that’s not a lot of growth, it is an upward movement and is an expected result for a large company. The highest price of the week came on Wednesday when this auto stock reached $143.21.
General Motors (GM)
General Motors (GM) started the week at $40.18 but had a rocky week with strong ups and downs. At the start of Friday, it seemed this stock was going to end with a low as it opened at $38.97 but the closing price on Friday reached $41.19 per share. This could be the right one of the auto stocks for you to buy now at a reasonably low price to get in on one of the biggest companies in the world.
Honda Motor Company (HMC)
Honda Motor Company (HMC) showed only slight growth in price last week. A slight dip on Thursday morning might have some investors worried, but this stock found a way to gain a small amount by the end of the week. Tuesday opened with a price of $28.07 and the closing price on Friday was $28.21, which shows only a slight increase in this auto stock.
Volkswagen Auto Group (VWAGY)
Volkswagen Auto Group (VWAGY) showed strong and steady growth all last week to give its investors plenty of confidence. This is another of the auto stocks that give you a low starting price to get in and enjoy following the increase in stock price. The start of Tuesday gave us a price of $18.36 with the final bell on Friday coming in at $18.66 to offer impressive and steady growth.
Tesla (TLSA)
The Tesla (TSLA) stock price is one of the few auto stocks in the market that ended at a lower price at the end of the week than what it started out with on Tuesday. This stock could bounce back this week. Even with a slight dip, this stock is steady. The opening on Tuesday showed $409.67 as the price with the closing on Friday coming in at $408.50.
Douglas Dynamics (PLOW)
Douglas Dynamics (PLOW) isn’t an automaker, but they are the manufacturer of many of the snowplows and other augmented items needed to help get work done. Last week, this auto stock saw a decline in price, but with wet and cold weather on the way, you can expect this stock to be on the ride. The open on Tuesday showed a price of $38.69 with the Friday close coming in at $37.33.
Ford Motor Company (F)
Ford Motor Company (F) has been trading in the stock market for a long time. Right now, Ford is a great stock to get into. If you’re looking for auto stocks to invest in, this one could be right for you. The Tuesday opening price was $8.27 while the closing price came in at $8.54 per share, showing good growth all week. If you’re looking for a strong company Ford could be right for you.
Nikola Motors (NKLA)
Nikola Motors (NKLA) is one of the newest auto stocks in the market and it could be the place you want to park some of your money. The starting price on Tuesday showed up at $18.26 with a Friday closing at$21.18, giving investors an excellent return for the week. If you’re looking for an electric car company to invest in, consider Nikola Motors.
Archimoto (FUV)
Archimoto (FUV) is based in Oregon and specializes in building three-wheel electric cars. This is another low-priced stock that could be the right one of the auto stocks on the market for you to invest money into. The starting price last week was $6.10 with a closing price on Friday of $7.55. All week, Archimoto showed steady growth to give investors a ton of confidence.
Check out these ten auto stocks and find the right ones for you to put your money into if you want to enjoy owning a part of the automotive market.
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