We’ve now entered the third quarter of the year and we will continue looking back to see how these automotive stocks performed.
As one of the largest industries in the world, we have a particular interest in how these stocks perform and the story they tell. Let’s get into it and see how each of the companies we follow are doing.
Toyota Motor Corp. (TM)
Last week, Toyota began at $178.64 and it stayed fairly level all week long. The high price for the week was reached on Wednesday at $180.95 and the low price was found on Friday at a price of $177.55. The final closing price for Toyota came in at $178.13, giving investors a slight drop for the week.
General Motors (GM)
General Motors took a relatively smooth path last week, the only trouble was this path was downward the entire time. The price began last week at $59.06 and began its slow path downward toward the end of the week. There weren’t any highs or lows like you might expect with this stock. The lowest price was reached at the end of the week at a price of $55.46. Hopefully, this week will tell a different story and we will see when we review these stocks next week.
NIO Inc. (NIO)
Another one of the stocks that took a downward path was NIO. As we’re looking back at this stock, you can see that it started last week at $46.39 before heading down to a low at $43.00 that was reached when the market opened on Thursday. The price jumped up quickly after this, giving investors some hope when it reached $44.63, but it then spent the rest of the week moving back down to a closing price of $42.80 at the end of the week.
Ferrari (RACE)
Ferrari had some good progress during most of the week, but when looking back at the whole week, it was another negative result. The price began at $208.93 and moved up to a weekly high of $210.60 on Wednesday. At the start of Thursday, the price dropped to $205.55 and then fell farther to $204.50 before making a bit of a recovery. Ferrari closed the week at $206.89.
Honda Motor Co. (HMC)
It’s possible the entire automotive market had the same results. Honda is another company that started at a higher price than what it finished last week. This stock began at $32.58 per share and moved steadily downward all week long. The closing price at the end of Friday came in at $31.65, giving investors a loss for the week.
XPeng Inc. (XPEV)
Another company that fell a bit last week was XPeng. Similar to NIO, this stock found its low price on Thursday and then recovered, but not back to where it began. Looking back, we see the starting point was $39.47 and the low mark was reached at a price of $37.46. The final price for the week came in at $39.05, giving investors a slight loss for the week and hope for the upcoming days.
Ford (F)
The story continues to show the same for Ford as it does for the rest of the domestic-based automakers. The price of Ford stock began last week at $14.58 and moved slowly downward like a painful death before it reached the closing price at the end of the week. It might be time for you to buy Ford stock, especially since this stock was priced at $13.61 per share at the end of Friday.
Magna International Inc. (MGA)
We see the supplier that we follow having similar results in the stock market to the automakers that we also track. Magna began last week at $89.89 per share and moved downward all week long. There was one point where the price moved up and then sharply back down, but otherwise, it was a smooth path to the final closing price at $85.01 per share.
CarMax Inc. (KMX)
The used car company we’re following, CarMax, showed similar results as the automakers, but not quite as smooth. The price began last week at $134.23 but the price showed a downward arc through Wednesday before moving up again. The price then moved sharply down on Thursday to a low point of $130.12 before showing signs of recovery to the closing bell on Friday. The final price at the end of the week came in at $130.99 for CarMax.
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