The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ford Motor Company shares valued at $321,340 were sold by Galhotra Ashwani Kumar on May 24. At $12.41 per share, Galhotra Ashwani Kumar sold 25,892 shares. The insider’s holdings dropped to 511,605 shares worth approximately $7.86 million following the completion of this transaction.
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Also, FORD MOTOR CO sold 7,000,000 shares, netting a total of over 188,165,600 in proceeds. Following the sale of shares at $26.88 each, the insider now holds 86,947,494 shares.
Before that, FORD MOTOR CO had sold 8,000,000 shares from its account. In a trade valued at $214,400,000, the 10% Owner traded Ford Motor Company shares for $26.80 each. Upon closing the transaction, the insider’s holdings decreased to 8,000,000 shares, worth approximately $1.44 billion.
As published in a research note from Citigroup on August 02, 2022, Ford Motor Company [F] has been retained to a Neutral and the price target has been revised to $15. This represents a -2.47% premium over Thursday’s closing price. Analysts at Nomura upgraded the stock from ‘”a Reduce”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of May 13, 2022, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for F. Earlier on May 12, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for F stock which previously was a “an Overweight”.
Analyzing F’s Price Performance
On Thursday, Ford Motor Company [NYSE: F] plunged -2.04% to $15.37. The stock’s lowest price that day was $15.31, but it reached a high of $15.67 in the same session. During the last five days, there has been a surge of approximately 9.79%. Over the course of the year, Ford Motor Company shares have dropped approximately -26.00%. Shares of the company reached a 52-week high of $25.87 on 01/13/22 and a 52-week low of $10.61 on 07/05/22. A 50-day SMA is recorded $12.63, while a 200-day SMA reached $16.66. Nevertheless, trading volume fell to 84.58 million shares from 95.85 million shares the previous day.
Support And Resistance Levels for Ford Motor Company (F)
According to the 24-hour chart, there is a support level at 15.23, which, if violated, would cause prices to drop to 15.09. In the upper region, resistance lies at 15.59. The next price resistance is at 15.81. RSI (Relative Strength Index) is 71.94 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.70, which suggests the price will increase in the coming days. Percent R is at 18.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Ford Motor Company subject to short interest?
Stocks of Ford Motor Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.4 million shares to 114.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 115.79 million shares. A decline of -1.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.96 of the overall float, the days-to-cover ratio (short ratio) decline to 1.96.
Which companies own the most shares of Ford Motor Company (F)?
According to The Vanguard Group, Inc. filings, the company currently owns 309,697,072 shares, which is about 7.84% of the total F shares outstanding. The investor’s shares have appreciated by 26,970,970 from its previous 13-F filing of 282726102.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $2,083,653,789. SSgA Funds Management, Inc. acquire a 4.65% interest valued at $1.95 billion while Newport Trust Co. sold a -1,187,249 stake. A total of 1,057,427 shares of Ford Motor Company were sold by Geode Capital Management LLC during the quarter, and -994,637 were sold by Northern Trust Investments, Inc. In its current portfolio, Norges Bank Investment Management holds 37,560,363 shares valued at $418.05 million.
In terms of Ford Motor Company share price expectations, FactSet research, analysts set an average price target of $16.17 in the next 12 months, down nearly -10.77% from the previous closing price of $15.69. Analysts anticipate Ford Motor Company stock to reach $32.00 by 2022, with the lowest price target being $10.00. In spite of this, 22 analysts ranked Ford Motor Company stock as an Overweight at the end of 2022. On May 10, 2022, Berenberg assigned a price target of “a Hold” to the stock and initiated coverage with a $17.