Did the automotive stock markers we watch rise or fall last week? Some stocks took us on a roller coaster ride but some moved smoothly.
Each week, we take a look in the rearview mirror to see how these stocks performed to understand whether investors were met with profits, losses, or break-even points for their investments from the week prior.
Toyota Motor Corp. (TM)
As the week began, Toyota gave us an opening price of $173.63 and the price only dipped slightly before moving upward all week long. Each day seemed to bring another rise from this point, which made it easy to keep your money in the Toyota stock. By the end of the week, the price reached $179.23, giving all investors a healthy profit. Hopefully, this trend will continue into the current week.
General Motors (GM)
General Motors took a completely different path from Toyota last week. This automotive stock began the week at $49.17 and it took us on a roller coaster ride all week. The high point of $49.61 was reached on Wednesday and the low point of $48.53 was hit early on Friday. The closing bell gave us a price of $48.83, which leaves investors with a bit of a loss for last week.
NIO Inc. (NIO)
NIO Inc. is one of the most popular Chinese EV automakers and their stock started last week at a price of $37.53 which wasn’t the low point. After a slight drop in the price, this stock moved upward for most of the week. The high point was reached on Thursday at $40.95 before the stock moved to a closing price of $40.37. This increase gave investors the profits they wanted to enjoy last week.
Ferrari (RACE)
Ferrari is one of our favorite automotive stock markers to talk about. Just mentioning the name brings thoughts of the sports cars they produce. The price of this stock started last week at $216.46 and moved up and then back down before Tuesday. The price then moved up and back down again before jumping up high on Thursday to a peak of $220.44 and then smoothly raced to the closing bell at a price of $218.87.
Honda Motor Co. (HMC)
Honda took a similar path to what we saw with Toyota. The starting price for Honda stock was $29.98 last week and after the slightest of dips, it moved upward all week long. This stock had a strong move upward to start Friday and then headed to the finish line to give us a closing price of $30.82 which offered investors a nice profit for sticking with Honda.
XPeng Inc. (XPEV)
XPeng took us on a wild ride last week. This is an automotive stock that we added for the third quarter of this year and it’s been interesting to follow. The price began the week at $40.48 but a drop in price followed this opening mark. The low point for the week was reached quickly at $39.22 before the price moved up and hit the high mark near the end of Tuesday at $42.50 before heading back down to a closing price of $39.61.
Ford (F)
One of the stocks we follow that showed a serious decline from the start to the finish of the week was Ford. This company began the week at a stock price of $13.22 and it went on a roller coaster ride before leveling off at the end of the week. The ticker looked like a heartbeat monitor before the flat line that took us to the closing price of $12.89 per share.
Magna International Inc. (MGA)
As the supplier on this list, the Magna automotive stock price is one we like to follow and compare with other stocks. The price of Magna began at $79.52 and the price moved level for a little while before opening at the low point on Tuesday at $78.09. This stock moved back up and found its way to a high point of $81.14 on Friday before leveling off to a closing price of $80.42.
CarMax Inc. (KMX)
CarMax is another of the stocks that took us on a wild ride last week. The price began at $125.94 and moved to the weekly high point on Monday of $128.18. The low point of the week was met on Tuesday at $124.35 before this stock rebounded. The price kept on going up and down to finally reach the closing price of $127.30 to finish the week with a profit.
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