Why Ford Stock Regained Momentum Today
After plunging nearly 7% yesterday, Ford's (NYSE: F) stock rebounded slightly today. There wasn't any company-specific news that was causing Ford's shares to rise, but some investors may be viewing yesterday's sell-off as a potential buying opportunity.
As a result, the automotive stock was up by 4.2% as of 12:50 p.m. ET.
Just yesterday, Ford's stock fell hard after UBS analyst Patrick Hummel downgraded the stock to a sell rating, down from his previous neutral rating. The analyst also cut Ford's price target to $10, down from $13.
Source Fool.com
