Why Ford Stock Is Falling Today
Shares of Ford (NYSE: F) were falling today after the company reported second-quarter vehicle-sales results. While vehicle sales increased 1.8% over the period to 483,688, they fell far short of analysts' average estimate for an increase of 4.2% from the year-ago quarter.
The automotive stock slid by as much as 6.3% today and was down by 2.4% as of 2 p.m. ET.
Ford filed its latest vehicle-delivery figures with the SEC today, and the company reported a 31.5% increase for its June deliveries, year over year.
Source Fool.com
