If you’re trying to see where a stock will go, you sometimes have to start by looking back to understand where it has been.
Most stocks move up and down the prices and offer various price levels each week. We take a weekly look at several automotive stocks that give us a good perspective regarding the industry as a whole. Let’s begin the review.
Toyota Motor Co. (TM)
From where it started to where it ended last week, there was a huge difference in the price per share for Toyota. Unfortunately for investors, the ending price of the week was the low point. This stock started at $181.09 and moved relatively level until Friday which saw this stock plummet. The final price for this company was $176.30, which showed significant losses for anyone who thought they would only be in this stock for a short time.
General Motors (GM)
General Motors is another one of the names you’ve known for a long time. Many times, this company follows the same path as Toyota, but last week wasn’t one of those times. Looking back at how this stock performed, we see the starting price was $49.07 which dipped a little to $47.92 at the start of Thursday. Bythe end of the week, this stock reached $49.49, giving investors a bit of a profit.
NIO Inc. (NIO)
We see that the price moved a lot for NIO during last week. This stock began at $38.88 and it moved down to reach $37.69 at the beginning of Thursday and then moved upward to give us a weekly high mark at $39.47 when Friday began. The final closing price for this stock came in at $37.93 which showed a loss for the week.
Ferrari (RACE)
If you’re looking for a stock that moved up and down many times, looking back at Ferrari for last week, you’ll find what you’re looking for. This company began the week at $219.83 per share and found a weekly high at the start of Thursday at $223.46. The prices then moved down through the day and jumped back up to begin Friday before finally reaching the closing bell at a price of $219.10.
Honda Motor Corp. (HMC)
Honda took a ride that you might not have wanted to go on with them. The stock price started the week at $31.33 and quickly moved down to $30.91 on Wednesday. This price rebounded to $31.18 before dropping back down again to only recover a little once more. Finally, this stock settled down and ended the week at $30.83 which meant a loss for investors that have their money in Honda stock.
XPeng Inc. (XPEV)
Most of the price path for XPeng Inc. appears to be a downward slope. While looking back at last week to see how this stock performed, we see a starting price of $39.74 which found is way down to $38.51 by the start of Thursday. There was a bit of a rebound on Friday to $40.39 before falling again to a final price of $38.54 for the week. This result gives investors a loss they weren’t expecting.
Ford (F)
The price path of Ford showed similar results to many of the other names on this list. The price began at $13.11 and moved down from there to show a leveling off until the start of Thursday when the price plummeted to $12.75. We saw a slight recovery on Friday, but that was short-lived as the price once again moved down and found its way to $12.68 at the end of the week.
Magna International Inc. (MGA)
The starting price of Magna came in at $79.85 and as we started looking back at how this stock performs, we saw some interesting movement. The low point of the week was hit on Wednesday at $77.68 and the high mark was reached on Friday at $81.71 before the price found its way to the closing bell which gave us a price of $79.13.
CarMax Inc. (KMX)
CarMax may be one of only a few of the stocks we follow that came in with a profit for investors last week. The price per share began at $127.52 and moved up from there. The high point of this stock was reached on Friday at $135.62 and the final closing price came in at $134.53. Does this impressive movement upward signal a significant improvement in the used car market? Tune in next week and see if the rise continues.
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