We have determined our favorite automotive stocks and each week we take this opportunity to look back and see how each one performed.
As we look in our rearview mirror to see how these stocks performed last week, we can figure out whether or not it’s time to invest in or withdraw from these companies.
Toyota Motor Corp. (TM)
Toyota started Monday at $155.03 and stayed fairly steady all day. Tuesday, this stock dropped significantly to a low of $151.21 before recovering on Wednesday to reach the mark it was at on Monday. The high point for the week was reached on Friday at $156.45 and the closing price for the week was $156.40. Toyota is a stock that investors can certainly be confident in for the long haul.
Honda Motor Co. (HMC)
The high point for the week took place for Honda shortly after opening for the week. This stock opened at $31.41 on Monday and then fell on Tuesday. The low point for the week was reached on Thursday at $29.79 before a slight recovery took place. This is one of the automotive stocks that didn’t fully recover as it closed out at $30.25 for the week.
General Motors (GM)
Another one of the automotive stocks that had its high point at the beginning of the week is General Motors. The opening price of GM stock was $58.91 on Monday before it began to decline. Before closing on Wednesday, this stock reached its low for the week at $53.76 per share. GM did make a slight recovery to reach $56.00 at the closing bell on Friday.
Workhorse Group (WKHS)
Workhorse Group followed the same path as GM and HMC with the starting price of the week being the high point. The price of this stock began at $8.72 last week and went along a path of many ups and downs before reaching a low on Thursday at $7.09. There was a bit of a recovery to reach $8.11 before the closing bell sounded on Friday.
BYD Co. Ltd. (BYDDF)
Among the automotive stocks on our list, BYD may have had the oddest movement last week. The stock price began at $18.63 and then moved downward before hitting the low for the week on Tuesday at $17.52. This price moved back up and reached the weekly high at the start of Wednesday at $19.9 before moving downward again. Another move upward and this stock closed the week at $18.92.
GreenPower Motor Co. (GP)
GreenPower moved in a more traditional fashion all week with sharp ups and downs. The price began at $16.11 on Monday and moved to the high of the week at $16.20 before moving down and reached a low point on Thursday at $14.48. As it moved back up the price found a level and closed the week at $15.19 to give investors hope it was on its way back up.
NIO Inc. (NIO)
NIO is another of the automotive stocks that gave us the highest price of the week when it opened. This stock price began at $35.74 and moved downward all week to reach a low point on Thursday at $31.01. There was a bit of a recovery after that to bring us to a closing price of $33.42 before the end of the week.
First Trust NASDAQ Global Auto Index Fund (CARZ)
CARZ often doesn’t follow the same path as the rest of the automotive stocks on this list, but last week it certainly did. The opening price of $56.61 was the high point of the week before this stock moved down to the low mark late on Wednesday at $53.50. This stock then recovered and moved upward to give us a final price of $55.35 to end the week.
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