Ford (F) Shares Break Below $14 for Second Day in a Row
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Shares of Ford (NYSE: F) have traded below the $14 level during three of the last four trading sessions, marking levels not seen since late-October of last year. The automaker's stock has plunged more than 4.4% today.
Despite headlines that Toyota (NYSE: TM) -- the largest competitor to Detroit's Big Three -- will extend a production halt in Japan for a week, neither Ford or GM (NYSE: GM) shares can get any traction today. GM shares are down 2.4% to $31.58 at last check.
Ford shares are down more than 26% since hitting a recent-high of $18.97 on January 27. The slide which is continuing today was sparked in late-January following a Q4 miss from Ford.
Despite headlines that Toyota (NYSE: TM) -- the largest competitor to Detroit's Big Three -- will extend a production halt in Japan for a week, neither Ford or GM (NYSE: GM) shares can get any traction today. GM shares are down 2.4% to $31.58 at last check.
Ford shares are down more than 26% since hitting a recent-high of $18.97 on January 27. The slide which is continuing today was sparked in late-January following a Q4 miss from Ford.
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