Have you invested money into the stock market? Are you following along with the auto stock performance we report each week?
Are these the stocks where you have your money? Even if you’re not invested in these companies or any, the way different stocks perform from one week to the next can be interesting. As we follow some of the large names you know and a few you don’t, you’ll see how some trends in the market.
Toyota Motor Corp. (TM)
Toyota is easily one of the most highly recognized names in the industry and it’s a company that brings us many vehicles to drive. The price of Toyota began last week at $179.08 and moved downward from there. It moved slowly until the start of Thursday when it fell sharply. The final price for the week came in at $164.51, which was a huge loss for investors.
General Motors (GM)
Many of the large companies end up following similar paths unless something happens that only impacts one company. The auto stock performance for GM was similar to Toyota with a higher starting price than the final price last week. GM had one rebound day on Wednesday, but ultimately the price began last week at $51.80 and find its way down to $48.80 per share by the time the closing bell sounded.
NIO Inc. (NIO)
One of the most popular electric vehicle companies in China is also one of the stocks we follow to see how they are doing on the American exchange. NIO didn’t have the same path as GM or Toyota but did start higher than it ended last week. The starting price was $37.93 and it reached a high point on Wednesday at $39.57 before falling down and eventually hitting a closing price of $36.92 at the end of Friday.
Ferrari (RACE)
It’s possible that every one of the auto stock performance numbers we offer will show a company that lost money for investors last week. Ferrari was not immune to the price drops of the preview companies on this list. The price of Ferrari began at $223.01 and started to fall slowly but dropped hard on Thursday. It muddled along for the rest of the week and closed the week at $214.23.
Honda Motor Co. (HMC)
We saw Honda follow a similar path as the other large automakers on this list. The price of Honda began last week at $31.95 and had sharp drops downward on Thursday and Friday. The high point for the week was the starting price, but the low point wasn’t exactly at the end of the week. The final price for Honda came in at $29.81 making some investors worry.
XPeng Inc. (XPEV)
The most interesting path along with the stock market last week for the companies we follow was had by XPeng Inc. If we only look at the starting and ending prices, they are very similar, but Wednesday showed a strong high point. The auto stock performance for this company started last week at $38.25 and the high point was $40.09 before coming back to the final price of $38.52 to give investors a small profit last week.
Ford (F)
After seeing the auto stock performance of Toyota, General Motors, and Honda, what would you expect from Ford? If you would predict a similar path, you would be correct. Ford started last week at $13.18 and the price dipped and recovered from Tuesday to Wednesday, but the cliff hit on Thursday as it did to the other companies. The price reached a low point on Friday at $12.39 before closing the week at $12.57.
Magna International Inc. (MGA)
Magna, being the auto supplier on this list, could have had a different path from the other stocks, but that wasn’t the case. This stock began last week at $83.47 and it worked its way along a slow decline until the start of Thursday when the price fell off a cliff. The final price was $77.66 which was a slight incline after the low point was hit at the start of Friday.
CarMax Inc. (KMX)
The auto stock performance of CarMax could have easily been much different from the automakers. This company isn’t dependent upon auto production to sell used vehicles. Even so, the price started at $126.63 last week and closed lower than it started. The low point was hit on Thursday at $122.92 and it recovered a little to reach $124.69 at the end of the week.
This post may contain affiliate links. Meaning a commission is given should you decide to make a purchase through these links, at no cost to you. All products shown are researched and tested to give an accurate review for you.