The auto stocks we’re following this quarter of 2021 changed from the first quarter. We’ve added a few, taken some away, and kept a couple.
Today, we offer the first installment of following how these stocks perform each week to give you a look into the proverbial rearview mirror of the stock market.
Toyota Motor Corp. (TM)
Toyota began last week at a price of $153.90 and stayed in that range until opening on Wednesday. The high point for the week was reached midweek at $155.73 before this stock leveled off. During Thursday, the price found its low for the week at $152.89 and then recovered to finish out the week with a closing price of $154.20.
Honda Motor Co. (HMC)
Honda was one of the auto stocks that had an up and down week over the past several days. This stock began last week at $29.47 before moving upward toward a high price for the week of $29.97, which was reached on Wednesday. This stock then came back downward and found its way to a closing price of $29.79 at the end of the week.
General Motors (GM)
GM stock was relatively steady all week, starting at $61.39 to give us a point of reference. This stock found it’s weekly high at $63.30 on Tuesday and then found its low on Thursday at $58.96. Between these two points, the stock was steadily moving downward. The final price for the week was $60.16, which shows a slight decline in price for the entire week.
Workhorse Group (WKHS)
Last week began with Workhorse Group at $13.16 per share. The price went up from there to give us a high for this one of our auto stocks at $13.96 for the week. The price moved back down and reached a low on Thursday at $12.92 before leveling off to end the week. The final price of Workhorse was $13.07, showing only a slight dip in the overall price for the week.
BYD Co. (BYDDF)
When auto stocks look like rolling hills on the stock market, it’s an up and down week. This was the case for BYD. The price began at $23.01 and moved upward only slightly before starting Wednesday with a drop to $22.59. This price then moved back up to begin Thursday and reached a high mark of $23.15. The price fell on Friday and found its way to a closing mark of $22.54.
GreenPower Motor Co. (GP)
GreenPower moved choppily up and down the price spectrum last week. This stock began the week at $21.61 and stayed in that range until the middle of Wednesday when it dipped to the weekly low of $20.68. A full recovery was never found, but the price did level off and GreenPower ended the week with a stock price of $21.32.
Nio Inc. (NIO)
Nio is one of the auto stocks that carried over from the first quarter and it began last week at $38.88. This stock quickly moved upward to a high price for the week at $40.13 before leveling off. The low price was realized near the end of Wednesday at $37.04. The week ended with the price of Nio at $38.11 giving investors a slight loss for the week.
First Trust NASDAQ Global Auto Index Fund (CARZ)
This fund is one of the most unique in the market. The price of CARZ only dropped last week after Wednesday. The price began the week at $58.73 before moving slightly upward to $59.02, which was the high of the week. Then the move down was made and the price reached $58.00 before closing the week at $58.06.
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