It’s that time of the week again. We take a look back in our rearview mirror to see how some of the best auto stocks in the market performed.
You want to know if it’s smart to put your money into some companies and what to expect out of others. Let’s take a look at our top ten and see how they did last week.
Toyota Motor Corporation (TM)
Toyota has lost some ground over the past week. After opening on Monday at $143.77, this stock was flat for a couple of days before dipping down to start the day on Wednesday. If you’ve looked at the Toyota price this week, you’ll see that it opened the week at $135.42 after closing Friday at $140.16. This dip shouldn’t be anything to worry about for long-term investors, but if you were in for a short profit, you would be disappointed.
General Motors (GM)
Looking at General Motors, we see an opening price of $43.86 last Monday morning with a surge in price for the day on Tuesday up to a high of $46.65 per share. Starting Wednesday, this stock leveled off to a solid closing price on Friday of $45.12 which was the final result. If you were looking for a short-term gain, you would have gotten it out of GM.
Honda Motor Company (HMC)
Honda had some slight upturns in price but was mostly down for the week. This stock opened on Monday at $29.17 with a slight uptick in price to $29.72 on Tuesday. From there it slowly dropped down on Thursday and Friday with a slight upturn to end the week to a price of $28.75 at the end of Friday. Unfortunately, this wasn’t the stock to put your money in for a short gain.
Volkswagen Auto Group (VWAGY)
There was a serious rollercoaster among auto stocks with the VW price. This stock began Monday at $19.09 and then shot up to start Tuesday to a high of $19.91. The price leveled off through the rest of the week with a slight drop on Wednesday and Friday before ending the week at the close of Friday at $19.22 to show a slight increase for the overall week.
Tesla (TSLA)
If you were interested in the gift that keeps on giving in the auto stocks, Tesla was the one to choose. This stock began at $513.57 on Monday and rose all week long. The final price of Tesla stock at the end of the week was $585.76 per share and then it opened this week at $600 before dipping down. If you started your week with some Tesla stock, you should be smiling today.
Douglas Dynamics (PLOW)
The maker of the snowplows we love might have been one of the most interesting auto stocks last week. This stock truly has an up and down week but ended the week with a higher price than when it started. Douglas opened at $38.30 on Monday morning, found a high at $41.34 at the close of Tuesday, and ended the week at $40.00 on Friday.
Ford (F)
One of the oldest auto stocks in the market is Ford. This stock saw an incredible Tuesday and an overall uptick in price last week. Ford opened Monday at $8.82 and then reached a high of $9.49 on Tuesday morning. On Wednesday, things leveled off as the price moved to the end of Friday where the Ford price found its way to $9.09 per share at the end of the day.
Nikola Motors (NKLA)
Nikola Motors saw a fairly level performance in price last week, but there’s a bit more to this story. Similar to the other auto stocks, Nikola had a strong Tuesday and has already opened this week at a lower price than the close on Friday. This stock opened last Monday at $27.99 and closed at $27.93 to show only a slight dip, but the high on Tuesday reached $36.91, making short-term investors smile.
NIO (NIO)
The NIO company was one of the auto stocks that showed a lot of up and down movement during the week and ended the week with a higher price than when it began. On Monday, NIO was priced at $51.20 per share and the closing price on Friday came out to be $54.05. There was never a time during last week when this stock dipped below its Monday open, but it has done so already this week.
Which auto stocks are the ones you love to put your money into? Do you like to invest for the short term or are you in it for the long haul? Continue to enjoy our weekly stock review and take a look in the rearview mirror to see what different stocks have done and where they seem to be going as we open each new week.
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