Ford Motor Company F shares are trading lower by 21 cents at $12.06 in Friday's session and nearly erased all of its gain from Thursday after posting a Q3 beat.
A possible catalyst for the decline is a report that the US Auto Safety Agency has opened a probe into to 841,000 Fusions related to concerns that its steering wheel could detach while driving.
After a flat open, Ford found sellers just ahead of Thursday's closing price ($12.27) at $12.24 and began to move lower. So far, it has exceeded Thursday's low ($12.06), but has yet to reach Wednesday's low ($11.97).
Since Oct. 12, the stock has made all of its lows in a range surrounding $12.00, from $11.87 to $12.17.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
