Ford Motor's Shares Rise as Investors See Reasons for Optimism
Shares of Ford Motor Company (NYSE: F) were up on Tuesday afternoon amid a broad-based rally, as new data made investors more optimistic about the impact of the coronavirus pandemic on businesses in the U.S.
As of 1:15 p.m. EDT, Ford's shares were up about 8.1% from Monday's closing price.
Ford's shares have been hit hard over the last month, for obvious reasons: The company's decision to close all of its factories in North America and Europe -- and several in other parts of the world -- leaves it with little revenue for the time being, while its costs remain substantial.
Source Fool.com
