Even though we are a couple of days late with the Rearview Mirror installment, doesn’t mean we can review our favorite auto stocks.
We can review the past five days of how these stocks performed while the market was open. This means we see the prices that began at the open on Thursday 4/29 through the closing on Tuesday 5/4.
Toyota Motor Corp (TM)
The price of Toyota began on Thursday at $152.99 and it moved downward through the day before recovering. When the start of Friday came, the bottom feels like it fell out of this stock as the price dipped to $150.46. Monday arrived and the price hit $152.37 where it stayed most of the day until the open on Tuesday when it dropped again to $150.29. This stock has been up and down.
Honda Motor Co. (HMC)
Thursday began with Honda at $30.38 but the price moved down and then back up throughout that particular day. Friday came and the price reached $29.90 with a few ups and downs before closing for the weekend. Thankfully, this stock found its way back up to $30.17 shortly after the market opened on Monday. Tuesday reflected Friday with the price dropping and closing at $29.88.
General Motors (GM)
GM is one of our favorite auto stocks and it gave investors good returns through Monday. The price of GM stock began at $56.96 on Thursday and moved up and down a little before reaching a high for the time period at the opening on Monday when it reached $58.05 before leveling off. This stock dropped on Tuesday to open at $56.03 and close the day at $55.34.
Workhorse Group (WKHS)
The chart for Workhorse Group was a bit smoother than the previous stocks. The price began Thursday at $12.88 per share and moved downward consistently during the time period we are reviewing. The bottom was reached on Tuesday at a price of $10.91 before recovering a little to a price of $11.23. Hopefully, we will see the price of this stock reach back near $13.00 per share in the upcoming week.
BYD Co. Ltd. (BYDDF)
Thursday started with this stock at $21.60 but this was another one of our favorite auto stocks that moved downward and stayed there. This stock didn’t reach its low point until the closing bell on Tuesday when it was at a price of $20.00 per share. This is another stock we hope will make its way back up where it belongs and offer investors the recovery they desire.
GreenPower Motor Co. (GP)
GreenPower started the tour on Thursday at $19.58 before moving down and then back up, much like the first few stocks we looked at. Friday came and the bottom fell out as this stock hit $18.04 per share. After this, we saw the price stay level through Monday before dropping again on Tuesday to reach $16.85 which is where it stayed through the closing bell.
Nio Inc. (NIO)
One of our favorite auto stocks that came from the first quarter of the year is NIO. This stock opened last Thursday at $41.39 and then hit a low point at the open on Friday when it reached $37.90. The price quickly moved back up for the rest of Friday and spend most of Monday at or above $40.00 per share. When Tuesday came, the price reached $37.03 to set a new low for this time period.
First Trust NASDAQ Global Auto Index Fund (CARZ)
As with the rest of our stocks, CARZ also started at a higher price than it finished during the time period we’re looking at. This stock ticker began Thursday at $56.92 and moved downward with a few short spikes through Monday. When Tuesday began, this stock dropped to $54.75, which was the low price for this time period. CARZ did make a slight recovery to $55.10 when it closed on Tuesday.
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