Why Ford Stock Is Higher Today
Shares of Ford Motor Company (NYSE: F) were moving higher today, after the company reported that its U.S. sales were higher in May despite production disruptions, and that it will reveal a new small pickup truck next week.
As of 1 p.m. EDT on Thursday, Ford's shares were up about 6.4% from Wednesday's closing price.
Ford said on Thursday that its U.S. sales rose 4.1% in May from a year ago. While the company's year-ago sales total was down sharply amid the COVID-19 shutdown, the result was still something of a surprise given that Ford has faced a series of production disruptions because of the global computer-chip shortage.
Source Fool.com
