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Ford stock posts best month since the Great Recession

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…

Read more at www.cnbc.com

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