Looking in the rearview mirror at the car companies that offered different stock performances last week gives us an idea of what’s going on.
The stock market was rattled last week, but not in the automotive sector. If you’ve parked your money with any of the seven favorite companies on our list, you can feel secure about keeping your investment where it is for the long term. Let’s take a look at how these companies performed last week.
Nio Inc. (NIO)
Nio is one of the relatively new car companies in the market and it opened last week at $60.16. This stock found its way down to nearly $55.00 by the start of Thursday before making a recovery on Friday. The final price of this stock on Friday last week was $57.01 which means if you’re money is in NIO, you lost about $3.00 per share.
Ferrari (RACE)
The Ferrari stock price began above the $210 mark at $210.77 for the week. This stock quickly dropped below that market and hovered between $205 and $210 all week. The final price at the Friday closing bell came in at $208.18 but this stock opened this week above $210 once again.
General Motors (GM)
General Motors is one of the most popular car companies in the world and the stock price started the week at $53.39 before dropping off a cliff to begin Wednesday. The price of this stock found its way to $49.21 shortly after the Wednesday opening before making a recovery. The GM ticker ended the week at $50,68 to show some return toward the starting price of the week.
Toyota Motor Corp. (TM)
Toyota is another one of the car companies that saw its stock price drop through the week. At the opening, the price was at $145.98 but it showed a sharp decline for the Wednesday open and the Friday open. The final price for the week was $140.52, which means investors lost more than $5.00 per share last week.
Harley-Davidson (HOG)
The Harley-Davidson company is one that saw a bit of an up and down performance in the stock price last week. The opening price for the week was $40.82 with a spik up to $42.31 on Wednesday and then another spike to $42.99 on Thursday. The final price for the week showed up at $40.09 which means this stock had a slight loss for the week, but nothing alarming.
Tata Motor Corp. (TTM)
Tata is one of our favorite car companies for this year and the stock price began last week at $18.33. This stock was fairly steady all week and spiked at $18.94 on Friday before dipping down to a closing price of $17.81. Tata is already showing a strong increase this week with a great opening and upward movement.
Ford (F)
Ford is one of the most well-known car companies in the world. This auto stock began last week at$11.41 before slowly declining all week long. By the time Friday ended, Ford stock price was at $10.53 per share. The open for this week showed a slight dip before the price jumped to over $11.00 on Monday.
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