Ford Motor Company (F.US) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan. With a current market capitalization of $47.63 billion as of August 29th, 2023, it is one of the world's largest automakers.
Founded by Henry Ford in 1903, it revolutionized the automotive industry with the introduction of the assembly line and mass production techniques. It played a significant role in making cars affordable for the masses, notably with the iconic Model T.
It went public in 1956, offering shares to investors. Throughout its history, the company has produced popular models like the Mustang, F-150, and Explorer, becoming synonymous with American automotive culture. Today, Ford continues to innovate and adapt to changing market demands by investing in electric vehicles, hybrid technology, and autonomous driving.
Over the past five years, the share price of Ford Motor Company stock has had its ups and downs. The lowest price was experienced in March 2020 when the stock hit $3.96, which was mainly attributed to the COVID-19 pandemic which caused a market crash worldwide. The highest point reached by the stock was in January 2022, when it reached $24.62.
When exploring trading strategies, there are several options available to traders. An example is day trading, which is a popular trading strategy that involves buying and selling stocks within a single day. Another strategy is swing trading, which involves holding the stock for a longer period of time, such as several weeks or months, in order to benefit from the market's upswing. Other strategies are copy trading, position trading and scalping trading. There are also a number of tools and indicators that traders could use to analyse the stock. Examples include candlestick patterns, line charts, etc.
If you're considering trading Ford Motor Company stock, it's important to conduct thorough research on the company's competitors before making any decisions. This will help you determine the overall health of the automotive industry and assess the potential risks and rewards of trading. Its competitors include but are not limited to:
- General Motors (GM.US): An American multinational corporation renowned for vehicle manufacturing, including iconic brands like Chevrolet, Cadillac, and GMC.
- Tesla Motors Inc. (TSLA.US): A trailblazing American electric vehicle and clean energy company, spearheaded by Elon Musk, producing electric cars, batteries, and solar products.
- Volkswagen Group (VOW.DE): A leading German automotive conglomerate, manufacturing a wide range of vehicles under various brands like Volkswagen, Audi, Porsche, and more. It's a significant player in the global automobile industry.
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The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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