Ford Coming Off Intraday Highs After Change At The Top

Ford Motor Company F shares are trading higher by $0.15 (1.3 percent) at $11.02 in Monday's session.

The stock did reach $11.22 in pre-market trading upon the announcement that Ford has replaced CEO Mark Fields with Jim Hackett.

However, Ford's stock peaked in the regular session just two cents above its opening print of $11.11 at $11.13. At this time, it has dipped back under $11.00 as $10.99 stands as the low for the session as of 10:10 a.m. EST.

In order to fill the void in price and the reach the upper-end of Friday's range, it will need to reach $10.94. Additional intraday support may found at Friday's closing price of $10.87.