Ford Motor Co.’s filing revealed that its Chief Accounting Officer Kosman Mark unloaded Company’s shares for reported $0.34 million on Mar 06 ’24. In the deal valued at $12.53 per share,26,898 shares were sold. As a result of this transaction, Kosman Mark now holds 7,102 shares worth roughly $94314.56.
Then, FIELD JOHN DOUGLAS bought 182,000 shares, generating $2,010,590 in total proceeds. Upon buying the shares at $11.05, the Chief EV, Digital & Design Off now owns 720,176 shares.
Piper Sandler initiated its Ford Motor Co. [F] rating to a Neutral in a research note published on March 15, 2024; the price target was $13. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late January with a ‘”a Sell”‘ rating. UBS also remained covering F and has decreased its forecast on January 17, 2024 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas revised its rating on December 13, 2023. It rated F as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of F
On Friday, Ford Motor Co. [NYSE:F] saw its stock jump 0.53% to $13.28. Ford Motor Co. shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have risen 5.92% over the past one year. While a 52-week high of $15.20 was reached on 04/04/24, a 52-week low of $9.49 was recorded on 01/19/24. SMA at 50 days reached $12.43, while 200 days put it at $12.20. A total of 46.83 million shares were traded, compared to the trading of 67.81 million shares in the previous session.
Levels Of Support And Resistance For F Stock
The 24-hour chart illustrates a support level at 13.11, which if violated will result in even more drops to 12.95. On the upside, there is a resistance level at 13.42. A further resistance level may holdings at 13.56. The Relative Strength Index (RSI) on the 14-day chart is 60.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.01%. Stochastics %K at 75.55% indicates the stock is a holding.
How much short interest is there in Ford Motor Co.?
A steep rise in short interest was recorded in Ford Motor Co. stocks on Mar 15, 2024, dropping by -11.82 million shares to a total of 144.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 156.58 million shares. There was a decline of -8.17%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.02.
The most recent change occurred on December 04, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $11.30 price target.
