Ford Stock Is Rising: Here's Why

Ford Motor Company F shares are trading higher by 3.79% to $15.74 during Wednesday's trading session after the company reported an increase in July U.S. vehicle sales.

What Else?

Ford's total July U.S. sales increased 36.6% year over year to 163,942. The company says electric vehicle sales were also up 168.7%. With Mustang Mach-E up 74.1%, F-150 Lightning delivering its best-month since launch and E-Transit’s dominant share position, Ford says the company grew more than 3 times the rate of the overall electric vehicle segment in July.

Ford added that brand SUV sales gained 70.0% over last year – totaling 66,266 SUVs. Combined Bronco family sales, including Bronco Sport, were up 227% over last year.

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According to data from Benzinga Pro, Ford has a 52-week high of $25.87 and a 52-week low of $10.61.