The automotive stock markers that we watch each week moved around during the week to offer us prices per share that offered results.
The stocks we like to follow give us a pretty good idea of how the automotive market is performing each week. Whether you want to put your money into a stock that’s been around a long time or you’re looking for a new company that could be a good investment, these stocks are some you want to consider.
Toyota Motor Corp. (TM)
We love to take a look at Toyota to see how this company is performing. As one of the largest automakers in the world, the performance of this stock usually sets the tone for the rest of the Japanese brands. Last week, Toyota began the week at a price of $177.60 and it moved upward from there. The price ended the week at $180.93 to show strong profits.
General Motors (GM)
General Motors is another company that has a large portion of the market share around the world. This automotive stock typically sets the tone for the rest of the industry. The price of GM stock started last week at $49.92 and it moved up quickly and consistently all week long. The final price came in at $51.25 when the closing bell sounded on Friday.
NIO Inc. (NIO)
The price of NIO tells a different story than Toyota or GM. NIO began the week at $37.13 and hit the high point for the week shortly after the open on Tuesday at $39.29 before moving back down. The low price was reached two days later at $36.87 before heading to the closing bell which gave this stock the price of $37.51 for the week.
Ferrari (RACE)
The only boutique brand we have on our list gave us an interesting ride last week. This automotive stock began at $220.23 and moved down right away. It recovered quickly and headed to the weekly high point in the middle of Tuesday at $223.03. The price moved up and down a few more times before falling down and hitting the low point of the week at $215.70 on Friday before heading to the closing bell which came in at a price of $216.13.
Honda Motor Co. (HMC)
The starting point for Honda was $30.79 last week and this stock was up and down a lot, but this price was the low point for the week. The high point was reached on Friday at $31.29 before the price settled back down and found its way to a closing price of $30.99 which gave investors a little bit of a profit per share.
XPeng Inc. (XPEV)
The automotive stock we follow that is a relative newcomer is XPeng Inc. This stock started at $37.96 last week and headed up and down a lot. The high point was reached on Tuesday at $39.07 and the low mark was found on Wednesday at a price of $36.80. The price steadily moved back up and reached the closing point at $38.94 to give investors a healthy profit for the week.
Ford (F)
As you would expect, Ford took a similar path to GM and Toyota along the price line last week. The price began the week low at $12.72 and only moved upward from that point all week long. The high point was reached on Friday at $13.65 before this stock settled toward the closing bell to give us a final price for the week of $13.56, which certainly made investors happy last week.
Magna International Inc. (MGA)
One of the only stocks we have that saw the price move mostly down all week was Magna. This automotive stock began at $79.58 and slowly moved down before seeing a spike upward to the weekly high of $80.25 on Wednesday. This stock then fell off a cliff and worked downward toward the final closing price of $75.88, showing significant losses last week. Hopefully, this won’t scare off investors from this stock.
CarMax Inc. (KMX)
CarMax had another great week as it started low and moved up throughout the week. The starting price was $134.41 and except for a slight dip to $132.97 on Wednesday, this stock moved up all week long. The high point reached $141.99 on Friday before the final bel was sound and the price was $139.90. This is the second week in a row that CarMax showed positive performance numbers in the stock market.
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