Why Ford Stock Tumbled 22% in October
October was a busy month for Ford Motor Company (NYSE: F) as the company reported third-quarter earnings and ended the United Auto Workers strike with a new contract.
However, concerns about sluggish demand for electric vehicles and continued losses from the segment, as well as the higher labor rates under the new contract, all weighed on the stock. As a result, Ford shares finished October down 22%, according to data from S&P Global Market Intelligence.
As you can see from the chart below, Ford shares declined over much of October before falling sharply on the earnings report last week.
Source Fool.com