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Why Ford Stock Has Tanked 9.5% in December So Far

John Parker
Updated
Why Ford Stock Has Tanked 9.5% in December So Far

Ford Motor Company’s (F) stock ended October on a positive note with 3.2% gains despite a 6.9% drop in the S&P 500 Index. This equation reversed in November when Ford lost 1.5%, and the S&P 500 rose by 1.8%. The stock witnessed a sharp recovery after its third-quarter earnings event on October 24. The company’s third-quarter adjusted earnings fell by ~33.0% YoY to $0.29 per share, but earnings were marginally better than Wall Street analysts’ estimates of $0.28. Ford reported about a 3.0% YoY rise in its revenue for the quarter, while its profitability deteriorated. ...

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