Why Ford Motor Stock Zoomed 44% in May But Has Hit the Brakes Since
Ford has made a big AI pivot, but is the stock a buy now?
Why Ford Motor Stock Zoomed 44% in May But Has Hit the Brakes Since
Overview
I don't remember the last time Ford Motor (NYSE: F) shares sped up like this. The legacy automotive company completely shifted gears in May, positioning itself as an artificial intelligence (AI) play in a strategic move that sent its stock soaring 44.4% during the month, according to data provided by S&P Global Market Intelligence.
Image source: Getty Images.
There were rumors that Ford may enter the energy business. On May 11, Ford formally launched Ford Energy, which will operate as a subsidiary of the parent company.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
