Why Ford Motor Stock Accelerated in January
Shares of Ford Motor (NYSE: F) were in the fast lane in January, climbing 19.8% for the month, according to data provided by S&P Global Market Intelligence. The stock was actually up as much as 30% in mid-January before giving back some of those gains in the month's final days.
Ford shares have been stuck in neutral, with the stock going nowhere over the past five years even as archrival General Motors climbed more than 80% during that period. Auto stocks have been top of mind through much of that period, but the attention has mostly been focused on Tesla and other companies seen as ushering in the electrification of the automotive industry.
Ford's Mustang Mach-E EV. Image source: Ford.
Source Fool.com
