Did you take our advice regarding the stock price you might find that would put you in the automotive world with an investment?
If so, it’s time to see where some of these companies are after a couple of weeks in the market. Some of the automakers and suppliers are trading quickly and heavily in the market, making it easy for many of us to make money and be part of something much bigger than ourselves. Let’s see how the stocks we mentioned are performing to follow along and find out if you made money during the first week of 2022.
Porsche Automobil Holdings SE (POAHY)
During the first full week of 2022, Porsche showed us a path along with the stock ticker that we often expect. This company moved upward, back down, and made a bit of a recovery at the end of the week. The starting point for POAHY was $10.17, and it made its way to a high point for that first week at $10.45. This high point took place at the beginning of Thursday, after which the price dipped down to a low of $9.97 before reaching back to $10.12 to close out the first week.
Workhorse Group Inc. (WKHS)
A completely different path was taken by Workhorse Group Inc. during the same timeframe as Porsche. This stock started at a high point on the graph and ended much lower than expected. This is a company that’s supposed to be one that could be a value offering and bring you excellent profits throughout the year. That wasn’t the case during the first week of the year, which showed WKHS at $4.52 at the start of the week and $4.00 at the end of the week. The low point took place on Thursday when this stock reached $3.93 per share.
Honda Motor Co. Ltd. (HMC)
The stock price of Honda was on the rise during the first week of the quarter. This company began the week at a relatively low point and gave investors an excellent return for the first week, making it easy to see how this company helped investors make some money. The starting price was $29.03, and it quickly moved upward and stayed above this mark all week long. The high point reached $29.75 before the stock closed at $29.67 to bring some profits to those that became invested in this company.
Tesla Inc. (TSLA)
One of the most expensive stocks that we look at is Tesla. A single share of this company will cost more than $1,000, which is more than some investors are willing to part with to own only one share. The price per share for this company began the first week of the year at $1,192.62 per share and quickly moved up to $1204.72 before staying on a downward path to the end of the week. There was only a slight upward turn at the end of the week to bring back some hope. The low point was found at$983.30before the final turn to finish the week at $1,063.90.
Li Auto Inc. (LI)
Another company that started high and finished low was Li Auto Inc. This company is a newcomer to the stock market and is a Chinese-based electric vehicle automaker, bringing a lineup of new cars to the market. The stock price began at $31.24 and spent the entire week moving downward on the price graph. By the end of the week, the price per share of this company finished out at $27.51. You can expect to see LI rebound in the coming weeks.
General Motors (GM)
Even though GM has been in the market for a long time, the various stock splits over the years allow this to be an automotive company that is still relatively affordable per share. The path of the ticker for this company moved up quickly and then back down to the end of the week. The starting price was $62.84, and it reached a high point of $66.43 on Wednesday. The low price was found later in the week at $60.13 before a slight recovery was made that brought this stock to a price of $61.15 to finish the week.
NIO Inc. (NIO)
We watched NIO move up and down the stock ticker most of last year and it’s time to see how this company performed during the first week of 2022. The price of NIO began at a level that was much higher than it ended during the week. The starting price was $32.56, and the price steadily moved down until it reached a low point of $27.95, at which point this company made a slight recovery to end the week at a price of $28.74.If you’re ready to invest in this company, now is the time to get involved before the price jumps to a new high point.
Ford Motor Co. (F)
If you’re interested in putting your money into companies that have been in the stock market for nearly a century, Ford is a good one to choose. This company started the week with a stock price of $22.84 before moving upward to reach the high point for the week at $24.86. The price moved up and down a couple of different times but found a way to give investors a profit for the week when the closing bell rang, and the price was at $23.81.
Lucid Group Inc. (LCID)
This new and impressive electric vehicle automaker is one that could be exciting and the right place for you to invest your money. This is one of the companies on our list that did show an increase in stock price during the week. The price for LCID began at $40.02 and moved downward to reach a low point at $34.06 before making the upward turn we wanted to see. The high point for this company reached $42.98 before settling in and finishing the week at $41.98, giving those that invested in this company the profits desired during the first week of the year.
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