Ford Stock Declines 9% Since Q3 Results: What Should Investors Do?
Portfolio Pulse from
Ford's stock has declined by 9% following its Q3 2024 results, which showed a 25% drop in net income to $900 million, primarily due to losses in its electric vehicle business.
November 05, 2024 | 5:00 pm
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Ford's stock has declined by 9% after the company reported a 25% drop in net income for Q3 2024, primarily due to losses in its electric vehicle segment.
The significant decline in Ford's net income, driven by losses in its EV business, has led to a 9% drop in its stock price. This indicates a negative short-term impact on the stock as investors react to the financial results and the challenges in the EV segment.
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