Why Ford Stock Sank This Week
Ford Motor Company (NYSE: F) stock plunged 13.8% this week, according to data provided by S&P Global Market Intelligence. That may not come as too much of a surprise, considering oil prices rose by the largest weekly amount in futures trading history.
The 35% jump in U.S. oil prices sent the stocks of automakers, cruise line operators, and airlines plunging. But there was also a company-specific reason that Ford stock dropped as much as it did.
Source Fool.com
