Are you ready to see how our automotive stocks performed last week? Did the stock you invested in go up or down?
Were there some factors that caused the price to move a specific way during the week? Each week we take this stroll down recent memory lane to give you a look in the rearview mirror at how some of the most popular stocks in the automotive industry performed.
Toyota Motor Corp. (TM)
Toyota began last week at $166.90 and quickly moved upward to give investors a strong rise through the week. the high point of the week was reached on Wednesday when the price reached $173.82. There was a slight dip in the price of Toyota stock on Thursday but it bounced back on Friday to give us a very strong performance with a closing price of $173.71 per share.
General Motors (GM)
As we look at the various automotive stocks we might see a pattern emerge with companies that are similar. GM is similar to Toyota in size, production, and products. Thus, when a similar pattern emerges, it’s not surprising. GM started last week at $48.07 and quickly moved upward. After a slight dip on Thursday, the price rebounded and reached a closing market at $49.80, giving investors a healthy profit for the week.
NIO Inc. (NIO)
We saw NIO also gain profits last week, but the path this company took across the market ticker was different from the previous two we have reviewed. The starting price came in at $37.26 and it rose quickly from there, reaching a high point of $39.68 shortly after opening on Thursday. The price settled back down and finished the week at $38.04 to give us a higher price and a nice profit.
Ferrari (RACE)
One of the automotive stocks we follow that was up and down across the board last week is Ferrari. This stock began the week at $214.04 but moved to a peak before dropping hard on Tuesday only to recover later in the day. This pattern continued all week with a high point for this stock at $218.67 which was reached on Wednesday. The closing price came in at $216.63, after a tumultuous week of ups and downs.
Honda Motor Co. (HMC)
You might think that Honda would have a similar path for the week to GM and Toyota but that’s simply not the case. Honda started last week at $29.96 and moved up a little to reach a high point on Tuesday at $30.32 before declining. The price dropped to a low of $29.37 on Thursday before a recovery to finish the week at $29.85.
XPeng Inc. (XPEV)
When the week began, XPEV was priced at $38.51, but this automotive stock moved up quickly and never looked back. There was one spike in the path which gave us a high point at $42.34 on Thursday, but the price settled back down and came to a level spot to close out the week. If you had invested in this stock last week, the closing price of $40.28 would have given you a nice profit.
Ford (F)
The start of the week came for Ford and the stock price was $12.59. Since Ford is another large automaker, you might think the price would perform similar to Toyota and GM, and it mostly did. The key difference was that Ford reached its high point at the end of the week as the closing bell rang. This means the price of $13.33 per share was the peak for the week for this company.
Magna International Inc. (MGA)
We saw Magna begin the week at $78.14 before it moved up to reach its high point of $81.08 on Tuesday prior to dropping back down before rebounding on Friday. Although this automotive stock belongs to a supplier, the path was very similar to some of the large names on this list. The price of Magna finished the week at $79.95, giving investors the profits they desire.
CarMax Inc. (KMX)
As the week began, the price of CarMax stock was at $125.36 and it fell slightly to start the week. Thankfully, this stock rebounded quickly and rose throughout most of the week. The price reached its high point on Wednesday at $127.91 before settling down and running toward the finish line for the week. The closing bell rang on Friday and CarMax stock was priced at $126.77, offering investors a nice profit and tons of confidence.
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