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Ford (F) in Focus: Stock Moves 8.9% Higher

Zacks Equity Research

Ford Motor Company F was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 25.5% in the past one-month time frame.

The move came after the company announced that it has started making respirators For COVID-19 using F-150 parts.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Ford currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Ford Motor Company Price

Ford Motor Company Price

Ford Motor Company price | Ford Motor Company Quote

Investors interested in the Automotive – Domestic industry may consider Fox Factory Holding Corp. FOXF, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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