Why Ford Stock Slumped 20% in June, And Why July 28 Could Decide What's Next
A major recent development could boost Ford's production and sales volumes in the coming months.
Overview
For a few weeks, Wall Street treated Ford Motor (NYSE: F) like a Silicon Valley darling. The legacy automaker launched Ford Energy, a new business pivoting into battery energy storage systems (BESS) for artificial intelligence (AI) data centers, utilities, and industrial hubs.
Ford shares surged over 40% in May following the launch, but June quickly brought a classic market reality check, sending the stock tumbling 20.3%, according to data provided by S&P Global Market Intelligence.
Details
Here's why Ford cooled off so fast, and what it means for investors.
Source
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.