2023 Ford F-150 Raptor R
DETROIT — Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the Detroit automaker this year.
Shares closed Monday at $15.34, up 4.4%. The gains added to the stock increasing by 31.9% in July. It was the best monthly percentage gain for Ford shares since 127.4% in April 2009, when Ford was emerging from the Great Recession without going through bankruptcy like its crosstown rivals General Motors and then-Chrysler.
Ford’s stock performance in July was driven by a steady stream of product-related announcements, including that it has secured battery supplies for its upcoming electric vehicles, as well as a 14.6% increase last week amid the company reporting second-quarter results that beat Wall Street’s expectations.
Ford last week also reiterated its previous guidance for the full year and…