Last week was mostly a good week for the automotive stocks we follow every week and we’re looking at the performance of each one.
As we get deeper into the second quarter of the year, we can see how these companies are recovering from the challenges of the pandemic. As they bounce back and we see growth in the auto industry, expect all stocks to find their way toward the profits investors are looking for.
Toyota Motor Corp. (TM)
The week began with Toyota priced at $154.84. That was a solid starting point and through the week this stock did exactly what investors wanted from it. The final price for the week was $157.57, which was also the high for the entire week. Will Toyota continue to move up, level off, or find its way back down? Stay tuned to find out each week.
Honda Motor Co. (HMC)
Another one of the stocks we follow that made its way upward all week long was Honda. The stock price of HMC began at $29.79and continued to grow a little every day. There was a significant increase to begin the day on Wednesday on the way to a final price on Friday of $30.62. We might see this stock continue to climb this week.
General Motors (GM)
General Motors was up and down most of the week last week until we got near the end. Thursday and Friday saw this stock flatten out. The price started at $59.76and made its way across the board like a roller coaster. GM investors saw a small loss by the end of the week with the final price at $58.72. Hopefully, those investors will be rewarded for sticking with GM this week.
Workhorse Group (WKHS)
As one of the stocks we follow, Workhorse Group was up and down several times over the week. This stock began at $12.80before moving down to a low of $11.34 on Thursday. The price then recovered and made its way to the high for the week at $13.79. WKHS leveled off to end the week at $13.02, giving investors a small profit for the week.
BYD Co. Ltd. (BYDDF)
Looking at the progress of BYD we saw this stock begin the week at $21.80before going upward to hit the high of the week at $23.03. on Wednesday. After reaching this mark, then flattened out for the rest of the week. The final price of BYD came in at $23.03 which gave investors a healthy profit for this automotive stock.
GreenPower Motor Co. (GP)
GreenPower Motor Co. is one of the stocks we follow and it gave us one of the few on this list that lost a little ground last week. This company began last week at $21.07and steadily fell once Wednesday arrived. The final price of GP for last week came in at $18.17. Hopefully, this week will reward investors with a bit of a recovery.
Nio Inc. (NIO)
One of the stocks we follow that is a carryover from the last quarter is NIO. This stock began last week at $37.46and was pretty steady all week until Thursday when it fell. The low reached on Thursday was $34.72 before it showed a slight recovery to $36.08 for the week. We shall see if this week brings better news for investors of this stock.
First Trust NASDAQ Global Auto Index Fund (CARZ)
Following this investment index stock gave us steady price increases all last week. CARZ began the week at $58.06and finished the week at $59.38. This stock showed a steady upward climb all week to be one of the best-performing of the stocks we follow every week.
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