Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ford Motor Co. shares valued at $337,032 were sold by Kosman Mark on Mar 06 ’24. At $12.53 per share, Kosman Mark sold 26,898 shares. The insider’s holdings dropped to 7,102 shares worth approximately $92752.12000000001 following the completion of this transaction.
Also, FIELD JOHN DOUGLAS purchased 182,000 shares, netting a total of over 2,010,590 in proceeds. Following the buying of shares at $11.05 each, the insider now holds 720,176 shares.
As published in their initiating research note from Piper Sandler on March 15, 2024, Ford Motor Co. [F] has been a Neutral and the price target has been revised to $13. Analysts at Redburn Atlantic started covering the stock with ‘”a Sell”‘ outlook in a report released in late January. As of January 17, 2024, UBS has decreased its “Buy” rating to a “Neutral” for F. Earlier on December 13, 2023, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for F stock which previously was a “an Outperform”.
Analyzing F Stock Performance
During the last five days, there has been a drop of approximately -4.32%. Over the course of the year, Ford Motor Co. shares have jumped approximately 8.69%. Shares of the company reached a 52-week high of $13.95 on 04/04/24 and a 52-week low of $10.82 on 01/19/24. A 50-day SMA is recorded $12.54, while a 200-day SMA reached $12.19. Nevertheless, trading volume fell to 51.22 million shares from 35.54 million shares the previous day.
Support And Resistance Levels for Ford Motor Co. (F)
According to the 24-hour chart, there is a support level at 12.91, which, if violated, would cause prices to drop to 12.76. In the upper region, resistance lies at 13.25. The next price resistance is at 13.44. RSI (Relative Strength Index) is 53.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 58.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ford Motor Co. subject to short interest?
Stocks of Ford Motor Co. saw a sharp steep in short interest on Mar 28, 2024 dropping by -12.27 million shares to 140.32 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 152.59 million shares. A decline of -8.74% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.75 of the overall float, the days-to-cover ratio (short ratio) decline to 2.75.
