The final edition of the Rearview Mirror for 2020 shows us the auto stock price and where they might be headed as we get ready for 2021.
There won’t be an installment of the Rearview Mirror next week, but this feature will return on 1/11/2021 to continue to document the movement of various auto stocks. It’s likely we may select some new companies to review in the next year, but for now, let’s look at our top ten.
Toyota Motor Company (TM)
The price of Toyota stock stayed pretty steady all through the Christmas week with an opening price of $150.18 on Monday. The closing price on Thursday came in at $150.47 to offer only a slight uptick during the week. To begin this week, the price has jumped over $152 to give investors something to think about with a stock that’s on the move.
General Motors (GM)
The auto stock price for GM was a bit of a different story from Toyota. General Motors saw a lot of movement up and down the range during the four-day week. The starting price on Monday was $40.32 which spiked significantly during Wednesday to a high of $42.83 before coming back down a bit during Thursday. This stock closed on Thursday at $41.58 to show a bit of growth during the week.
Honda Motor Company (HMC)
Another stock that had several movements up and down was Honda. This stock started the week at $28.82 and reached a high of $29.04 to start Tuesday before a downward movement. The final price for the week was $28.56, which shows a bit of a drop for the week. This week, Honda started at a low of $28.38 but has already begun to move back up.
Volkswagen Auto Group (VWAGY)
Volkswagen gave us an auto stock price that moved upward quite a bit last week. This stock began at $19.75 at the opening on Monday and by the time it opened on Wednesday the price had risen to $20.50 per share. The price continued to move up before ending the week at $20.67. Volkswagen is showing more growth this week to give investors the confidence they desire.
Tesla (TSLA)
Tesla has had a few weeks of strong growth, which means it is a stock that was due for a bit of a drop and even leveling off. The price started out at $665.00 on Monday and dropped as low as $618.41 on Tuesday before moving back up to $659.61 to end the week. This stock was set to have this price movement and it shouldn’t give anyone pause to invest in Tesla stock.
Douglas Dynamics Inc. (PLOW)
A cold spell and investor confidence gave Douglas Dynamics the price growth desired last week. This auto stock price began the week at $42.06 before moving along the range and up to a slight growth of $42.31 at the closing bell on Thursday. This stock started this weekwith a higher price already, which gives us the knowledge this stock is on the rise as the weather continues to get colder and the calendar is ready to turn.
Ford Motor Co. (F)
The auto stock price of Ford was a roller coaster all week. This stock started out at $8.90 on Monday before moving to a high of $8.99 before closing on Monday. Tuesday saw this stock fall and level off but Wednesday gave investors a price that started near the $8.90 mark before moving above $9.00 for the day. The closing price on Thursday for Ford was $8.86 which shows a slight loss through the week.
Nikola Corp. (NKLA)
Nikola Corp. saw a price that was level most of the week before dropping heavily to begin Wednesday. This stock began the week at $16.71 but dropped to $15.47 to start Wednesday. On Thursday, the opening price came in at $14.63 and continued to drop before the closing bell at which time the price was $13.75 per share. Nikola has already made a bit of a recovery but has a long way to go.
NIOInc. (NIO)
The auto stock price of NIO hovered around $47.50 most of the week before dropping well below this mark on Thursday. That wasn’t too bad considering the starting price on Monday was $46.17 and the high for the week came in at $49.01. Theclosing on Thursday showed NIO at $45.88 which means this stock lost a little bit of ground last week.
Arcimoto Inc. (FUV)
Arcimoto gave us an opening price on Monday of $13.38 and had a spike on Tuesday to the price of $15.64 before coming back down. The stock steadily moved upward throughout the week and had a closing price of $14.87 to give investors a bit of an increase for the week. This week, Arcimoto is already showing growth again, which can make a huge difference for those invested in this company.
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