Stocks go up and they go down and we follow a selection of auto stocks every week to see how each one performed during the previous few days.
These stocks can move up or down based on political decisions, sales figures, supply chain issues, and production levels. Let’s take a look and see how the companies we follow each week performed last week to give us the numbers we see today.
Toyota Motor Corp. (TM)
One of the largest companies in the automotive world is Toyota. This company began last week at a price of $176.04 per share and moved up from there. Just before the opening on Thursday, the price hit a high point of $179.62 before dripping down to start Friday at $177.99. The final bell came shortly after the weeklyhigh price of $180.33. The final price for Toyota was $179.86 last week, which gave investors the profits they want to see.
General Motors (GM)
Several moves upward and downward took place for GM last week. As one of the most popular auto stocks we follow, we can see how investors were on a wild ride. This stock started the week at $54.45and moved quickly upward. The high price for the week occurred on Wednesday at a price of $57.41. The price was relatively level until Thursday when a drop took place before the closing bell on Friday where the price was $54.94.
Nio Inc. (NIO)
Nio is another company that took a ride on the stock market last week with a high price being reached in the middle of the week. The price per share began at $42.73 and it moved upward to reach the high point just before closing on Wednesday at $47.35. The fall took place on Friday when the price dropped hard before hitting the closing bell at $43.99.
Ferrari (RACE)
Finally, we see one of the auto stocks that we follow that moved upward and then continued upward last week. Ferrari started the week at $202.07 per share and moved up steadily to a high price on Friday of $212.45. This stock never hit a low price all week, and reached the closing bell at$212.11, giving investors the profits they wanted for the week.
Honda Motor Co. (HMC)
Honda took a ride up and then came back down a little, but overall, this company gave investors the profits they look for each week. The price started at $31.07 last week before moving upward and reaching a high point on Wednesday. This high price was at $31.79 and it didn’t last long before the price dropped back down on Thursday. The price of Honda closed at $31.31 to give us a small profit for the week.
XPeng Inc. (XPEV)
XPeng Inc. is one of the auto stocks that had a dramatic rise and fall last week to give us an interesting ride. Investors that put their money in at the opening price of $39.18 found excellent profits when the weekly high was reached on Wednesday at $44.25. The price leveled off for most of the week before falling on Friday. Overall, this stock did show profits for the week with a closing price of $41.00 last week.
Ford (F)
Ford went along the same path asthe other companies that we follow. The stock price began at $13.36 before it moved up to hit the weekly high at $14.28 on Wednesday. The price leveledback down a bit and fell a little on Thursday. The final price for the week came in at $13.82, giving investors a little bit of a profit for the week.
Magna International Inc. (MGA)
The only one of the auto stocks we follow that ended last week at a lower price than it began was Magna International Inc. The price per share began at $83.23 and moved upward, much the same as the others on our list. The price reached a high point on Wednesday at $87.79 before hitting a hard drop on Friday to the weekly low price of $79.98. The closing price of Magna came in at $80.98.
CarMax Inc. (KMX)
CarMax started last week at $130.08 per share and it moved quickly upward to reach the weekly high price at $137.90 on Wednesday, much the same as the others stocks we follow. The price did level off and followed a mostly level path to the end of the week where the closing price was $134.84. This closing price gave investors the profits desired in CarMax stock.
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