Why Did Ford Stock Sink This Week?
After surging higher for several straight weeks, Ford Motor (NYSE: F) stock is giving back some of those gains this week. As of late Friday trading, Ford stock was down about 15.5% for the week, according to data provided by S&P Global Market Intelligence.
Even so, shares have gained nearly 30% over the past month after the company announced the formation of a new Ford Energy subsidiary. Ford is trying to tap into surging demand for energy solutions from AI data center operators with battery storage systems.
But the stock may have gotten ahead of itself on that news. It didn't help that Ford's May sales numbers weren't impressive, either.
Source Fool.com
