Is Ford Still a Buy After Jumping 136%?
In 2021, Ford (NYSE: F) stock rose to a level not seen in the last two decades. The stock rose 136% during the year. So, what got investors suddenly excited about this old automaker, and will the momentum sustain in the new year? Let's discuss what's next for the Blue Oval.
On the last day of 2021, Ford's stock closed at $20.77 -- a level it has not reached in at least two decades. If you would have invested $10,000 in Ford's stock at the beginning of 2021, your investment would have more than doubled to $23,630 in just a year. Ford's stock outperformed its peers General Motors, Volkswagen, and Toyota Motors last year.
F data by YCharts
Source Fool.com
