Each week we take a look in our rearview mirror at several auto stocks that we’re following for the quarter to see how they perform.
Heading into Memorial Day weekend we can see how these companies performed and what happened for each of them based on the price movement. Let’s get started and see what our stocks did last week.
Toyota Motor Corp. (TM)
Toyota is one of the stalwarts of our stock following. This company has been around a long time and is typically thought of as a smart choice for investors. Toyota started last week at $162.14 per share and steadily increased all week long. The high point of the week took place shortly after opening on Friday before this stock settled in and gave us a closing price of $165.74.
Honda Motor Co. (HMC)
Honda is another one of the auto stocks that have been around for a long time. Last week, this stock took investors on a roller coaster of a ride as it went slightly up from the opening price of $31.00 to hit a low point on Tuesday at $30.31 before making a recovery. The final price for Honda last week at $31.19, giving investors only a slight profit.
General Motors (GM)
The start of last week showed GM making a smooth move upward before heading sharply up on Thursday. This stock began the week at $56.44 and the sharp move up brought the price to $60.27 per share. General Motors stock recovered a bit and settled to give us a closing price of $59.32, which offers an excellent level of profit for the week.
Workhorse Group (WKHS)
Another one of our auto stocks that moved upward throughout the week was Workhorse Group. This stock began the week at $8.38 and moved steadily upward until it took a sharp upward leap on Wednesday. The high point was reached after the open on Friday at a price of $10.02 before leveling off at a price of $9.44 per share.
BYD Co. Ltd. (BYDDF)
BYD began last week at $21.73 and like so many of the other stocks we’ve looked at so far, it moved upward throughout the week. The sharp step took place to begin Wednesday but the high point o the week wasn’t reached until Friday which was a pretty level day overall. The closing price was $23.00, giving investors the return they are looking for.
GreenPower Motor Co. (GP)
The choppiest of the auto stocks we’ve looked at so far was GreenPower. This stock had a price that was all over the place last week. The starting point was $16.50 which quickly declined and then recovered. The high point of $17.00 was reached on Friday before this stock found the closing price at $16.50 which shows this stock as the only one that had a loss last week.
NIO Inc. (NIO)
For the most part, the price of NIO stock showed us a smooth upward arc from the start of the week to the finish. The price opened on Monday at $33.90 as it moved along this arc. There was a high point reached after the open on Friday at $39.52 before this stock finished the week and gave us a closing price of $38.59.
First Trust NASDAQ Global Auto Index Fund (CARZ)
This fund gave us much the same performance as the other auto stocks that we’re following. This stock price began the week at $57.15 and that was the low point for the week. The high point was reached at the start of Friday at $59.38 before it leveled to the closing price of $59.25 per share. Investors were pleased with the returns they received on this stock.
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