Do you invest in the stock market? Even if you don’t we’ve tagged a few auto companies as our stocks to follow for each quarter.
If you’ve been thinking about investing in the market and have considered the automotive world as the place where you might want to put your money. Let’s take a look at the companies we follow and how they performed last week.
Toyota Motor Corp. (TM)
Toyota went on a wild ride last week and gave investors a positive return on their investments. The price started at $179.43 and made a quick jump upward on Wednesday to reach $180.92 on the way to a bit of a higher price. The start of Thursday set a new low for the week at $180.29 before recovering and settling to the closing bell on Friday to give investors $181.34 per share.
General Motors (GM)
The week started at $53.95 for GM as this stock made a bit of a tour up and down the price range. This company is one of our stocks because of its longevity and proven positive record. The price hit a high point on Thursday as it reached $54.91 before it settled back down a little. The final price ended at a low point for the wed as the bell sounded and the price was $53.66.
NIO Inc. (NIO)
The price slope for NIO was steadily downward, giving investors a reason to worry a little. The price began the week at $45.94 and never hit the weekly low until it reached the end and the closing bell rang. Along the downward slope, there were a couple of upward swings, which gave investors hope, but the final price of $41.03 offers nothing but worry for those who have their money in this Chinese EV company.
Ferrari (RACE)
We saw Ferrari begin the week at $222.52 but this is one of our stocks that made some big moves later in the week. The price moved slightly upward through the week but made a huge jump upward on Friday. The high point was reached at $227.23 shortly after the opening bell on Friday and it settled a little to a closing bell price of $225.74.
Honda Motor Co. (HMC)
One of the companies that had an up and down week was Honda. The price of a share began at $32.66 last week before it jumped to the high point of the week on Wednesday at $33.20. The price fell off the cliff when Thursday began before it worked its way to the final price of the week. The low point was hit at $32.46 on Friday and the closing price came in at $32.56.
XPeng Inc. (XPEV)
It might be systematic of what’s happening in China, but XPeng Inc. showed a downward slope from the starting price to the closing price last week. This is one of our stocks and we hope the company has a recovery soon. The starting price was $43.26 and the final price came in at $40.15. Along the downward slope, there were a couple of upward trends which may have given investors some hope.
Ford (F)
Ford went through a typical week with a low starting price, a high in the middle, and a lower closing price. The starting point for Ford was $13.74 and the high point of the week was reached on Thursday at a price of $14.03. The price slowly moved down during the rest of the week and the lowest point for the week was also the closing price which came in at $13.59.
Magna International Inc. (MGA)
Magna was one of our stocks that took an up and down approach to last week. Had you known that beforehand, this would not be a stock you wanted to invest in. The starting price came in at $84.65 and the high point of the week was reached at $86.74 at the start of Thursday. The price moved back up and down a couple of times to reach a closing price on Friday at $85.94.
CarMax Inc. (KMX)
CarMax experienced a slight upward move from the opening price but then went down the rest of the week. The starting price was $132.90 and the high point was reached on Tuesday at $135.81 before the downward turn began. The price didn’t find its low point until the closing bell on Friday when the price reached $128.09. We’re hopeful this stock will bounce back this week and give profits back to investors.
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