Let’s take a look at the auto stock prices from last week to see how some of the most popular companies performed.
Investing in the automotive market can be a huge benefit to your financial freedom and retirement plan. Once you see how some of these companies performed last week, you might be pleased to put your money into the stock market as you back your favorite auto company.
Toyota Motor Corp. (TM)
A normally strong stock is the Toyota Motor Company, but last week this auto stock dropped a bit. Thankfully, this dip in price wasn’t alarming and we already see the price moving back up where it belongs. Let this serve as a reminder that the stock market fluctuates and you have to be in for the long haul. The Tuesday opening price was $143 per share with the Friday closing coming in at $142.13.
General Motors (GM)
If you’re invested in General Motors you had a great week last week. This auto stock opened with a price of $41.77 and had a stellar increase on Wednesday to reach $44 per share. The closing price for GMon Friday still showed an overall increase for the week as the GM ticker closed at $43.04 per share when the market finished work on Friday afternoon.
Honda Motor Company (HMC)
Honda opened the week at a high price that came from the previous week. Tuesday’s opening mark was at $29.28, but this auto stock found its way to a lower price throughout the week. Although the lowest mark was on Thursday at the opening, Honda closed the week with a stock price of $28.78 per share. Thankfully, this is another stock that’s already back in the green at the beginning of this week.
Volkswagen Auto Group (VWAGY)
Looking at the price of the Volkswagen auto stock last week appears to be similar to what you might seek when having an EKG performed. The price moved up and down that quickly throughout the week with sharp upward spikes and heavy dips all week long. If you’re in this stock for the short term, you probably pulled your hair out last week. The opening price on Tuesday was $19.10 per share with the closing price on Friday coming in at $19.09 to show a fairly level result.
Tesla (TSLA)
The price of the Tesla stock is in a position where this stock might be getting ready to split, which would be a great time to get in on it if you aren’t already. If you do have some Tesla auto stock, the price steadily increased last week from $455.79 on Tuesday to $489.61 at the closing on Friday. This stock has already reached over $500 per share this week, which shows a strong influence in the market.
Douglas Dynamics (PLOW)
The warm unseasonal weather in much of the country has caused a dip in the price of the Douglas Dynamics stock. Even so, you can expect this stock to be on the rise once winter finally sets in, which it appears may be the case in the next couple of weeks. This stock opened on Tuesday at $38.96 and closed on Friday at $37.90, but it’s already showing a rebound this week.
Ford (F)
Now is certainly the time to invest in Ford. As one of the largest and longest-running automakers in the market, the auto stock of Ford is sure to grow over the long haul. The Tuesday open price of Ford was $8.70 with a closing price of $8.74. While that’s not much of an increase, this stock was over $9.00 on Wednesday and shows an increase for this week as well.
Nikola Motors (NKLA)
Steady price increases were part of what we saw from Nikola Motors last week. This auto stock performed admirably with a starting price of $21.44 per share on Tuesday on the way to $26.38 at the close of Friday. This is a stock that could be right where you want to put your money, but you need to get in on it now before it spikes out of your budget.
NIO (NIO)
Another auto stock that performed impressively last week was NIO. This stock had a slight dip on Wednesday, but the rebound for Thursday and Friday was incredible. The starting price on Tuesday came in at $46.45 with a closing price that ended Friday on a high note at $49.25 per share. If you’re interested in a Tesla stock but TSLA is out of our price range, NIO could be right for you.
Archimoto (FUV)
The Archimoto stock was on the rise last week and it seems to be continuing that trend into this week. The price of this auto stock began at $7.52 on Tuesday with a closing price on Friday of $17.79. That’s an incredible performance for any stock and it could have made you a lot of money if you were invested in this company.
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