It’s time for our weekly look into the rearview mirror to see how the seven auto stocks we’ve been following performed last week.
Some of the drops we saw in prices the previous week could be associated with the shortage of conductors that are needed to operate the electronics of vehicles. With that in mind, let’s see where the seven stocks we chose for the first quarter of 2021 ended up last week.
Nio Inc. (NIO)
Nio continues to be one of our favorite companies to look at for stock performance. This company began last week on the stock market at $41.70 and rose quickly to a price of $51.83 by the middle of Wednesday. This was the high point of the week for this company which found its way back down at $45.78 by the closing bell on Friday.
Ferrari (RACE)
When the week began, Ferrari gave us a price of $194.43 but it experienced a week of ups and downs that made the ticker look like a roller coaster. After a short drop, this company rose again to reach a Tuesday high of $197.40. As one of the auto stocks we love to watch, the next move gave us pause as it dropped before recovering on Friday to a price of $198.34.
General Motors (GM)
The opening level for GM was at $50.19 which was a good place to start. Before the end of Thursday, this stock reached a high for the week at $53.13. Once it reached this level, the price of GM moved back downward to find its way to $51.35 at the closing bell on Friday. Overall, GM is one of the auto stocks that gave investors a bit of a profit last week.
Toyota Motor Corp. (TM)
Toyota had a bit of a different ride on the market last week than some of the others. This stock opened at $151.08 and then moved upward to give us a price that reached above $152.50 a couple of times before moving downward on Thursday and Friday. The final price of Toyota stock for the week was $147.90 which meant a bit of a loss last week.
Harley-Davidson (HOG)
Last week, one of the auto stocks that took a ride upward for the week was Harley-Davidson. This stock started at $34.11 and moved to a high for the week of $37.54 before heading back downward. This stock continued to perform well and finished the week at $35.66which is a small profit but good steady movement during the week for this motorcycle brand.
Tata Motors (TTM)
When looking at auto stocks, one that experienced serious swings in price last week was Tata Motors. This stock price began at $21.76 and moved slowly upward before opening Thursday at $22.92, which was the high for the week. This stock dropped to $21.41 on Friday before moving back up to end the week at $22.25.
Ford (F)
Ford is one of the longest-running brands in the automotive world and one of the oldest auto stocks in the market. This stock began last week at $11.42 and it made a steady movement to $12.33 on Wednesday, which was the high point for the week. After this, the price dropped slowly to a closing price on Friday which was $11.81.
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