Financial investors are looking forward to buy shares of Ford Motors over the weakness following insider selling.
Analyst Ratings Network.com reported that financial investors bought shares of Ford Motor Company (NYSE:F) on instability during the trading session on Monday with respect to the insider selling activity. The fluctuation in the stock gave the amount of $85.48 million circulated into the stock on the upticks and $50.78 million outflows of the stock on the downticks, which gave the net income of $34.70 million into the stock. Among all the stock, the company’s total flow of $34.70 million stood at the 22nd highest throughout the day.
Ford Motor Company traded down at the share price of $0.28 and the trading session ended with the closing rate of $13.56 exactly. The director of the automotive company, John C. Lechleiter, purchased 3,000 shares of the company’s stock during the transaction held on September 3, Thursday. The share is bought at average price of $13.85 per share, which gave the total amount valued at $41,550.
Following the purchase, Mr. Lechleiter held 14,000 shares of the organization’s stock, approximately worth at $193,900. The information regarding the transaction was unveiled in a form 4 filing with the Securities Exchange Commission. Moreover, Executive Vice President (EVP) of the company, John Fleming, sold 91,576 shares of the automotive company’s stock during the transaction held on September 2, Wednesday. The average selling price per share was $13.80 for the total amount of $1,263,748.80. After the sale, the EVP directly holds 336,833 shares now, worth at almost $4,648,295.40.
Many brokerage firms provided their conclusions based on financial data and information. The auto parts company received a buy rating by F. Stifel Nicolaus and recommended a target price of $19.00 on the organization’s shares on July 28, Tuesday. Another well-known research firm, Zacks, raised its suggestion to buy rating from hold rating and fixed price at $17.00 on July 30, Thursday.
Similarly, Vetr changed its recommendation from strong buy to a buy rating and put forward a target price of $16.25 with respect to an analysis report on July 28, Tuesday. The automotive company received an upgraded rating by the Goldman Sachs to buy on July 27, Monday. At last, analysis by Buckingham research reaffirmed a neutral rating and gave the price target of $15 on the shares of company on July 27, Monday.
Ford manufactures and distributes its vehicles across six continents. The established enterprise has expanded its business around the globe. It is competent to sustain minor shocks in its stock but any variation bothers investors and stakeholders, including overall management.
No comments:
Post a Comment