Each week we look in the rearview mirror to see which auto stock price went up or down for the week and how investors may have reacted.
Most investors enjoy putting their money into these stocks for the long haul, but some are newer in the market and haven’t quite proved themselves to be worth the long-term investment just yet. Let’s see how our stocks performed last week.
Toyota Motor Corp. (TM)
The week began with Toyota showing up at $154.54 and moving down during the first couple of days, Once Wednesday began the price moved upward. The price reached a peak at $155.48 last week but moved back down just a little to end the week at $154.99.
Honda Motor Co. (HMC)
Honda also had an up and down week, with the start of the week coming on the downward slope. The price for the week began at $30.21 and dropped to a weekly low of $29.73 on Wednesday before moving back up. This stock hit a price of $30.47 before closing the week at $30.43 to be the final price of the week.
General Motors (GM)
Looking in the rearview mirror, we see that GM began last week at $56.12 then dropped to the low of the week on Tuesday at $54.94. This stock slowly moved upward and had a couple of peaks and valleys along the way. This was another stock that hit the high for the week just before closing at $57.67 with a closing price of $57.52.
Workhorse Group (WKHS)
The starting price for the Workhorse Group stock was $12.79 before dripping to a low for the week late on Tuesday at $11.91. This stock hit its high for the week on Thursday at a price of $13.17 and then leveled off to finish Friday relatively strong. The closing price for Workhorse Group was $12.68 to give investors only a slight drop for the week.
BYD Co. Ltd. (BYDDF)
The rearview mirror look at BYD gave us a starting price of $23.43 last week. This stock was up and down a lot but this starting price was the high point for the week. The low came on Thursday at a price of $22.80 before making its way back up to finish the week strong at $23.41. Investors took a ride but only lost a little if they stayed with this auto stock.
GreenPower Motor Co. (GP)
GreenPower began the week at $17.55 and dropped slightly before moving up to be a strong performer last week. The low point came on Tuesday as this stock hit $16.66. The price then moved up and reached its high point as the market closed on Friday at a price of $19.58. Investors were certainly pleased with the performance of GreenPower last week.
Nio Inc. (NIO)
A rearview mirror look at NIO shows a similar path to GreenPower. The NIO price began at $37.19 last week and dropped only slightly to $36.05 on Tuesday. This stock then moved up and continued upward all week to give investors a final price of $41.08, which was the high point of the week. This stock is certainly on the rise and giving investors what they want.
First Trust NASDAQ Global Auto Index Fund (CARZ)
One stock ticker that didn’t fare extremely well last week was CARZ. This stock began the week with a price of $58.47 per share and quickly moved downward. The low point was reached shortly after opening on Wednesday at $56.80 before moving back upward. The opening price of the week was the high point but some recovery took place as this stock closed at $57.77 for the week.
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