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Why Are Ford And General Motors Shares Trading Lower Today?

Shares of Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are trading lower as renewed COVID-19 concerns weigh on economic recovery outlook.

Shares of Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) are trading lower as renewed COVID-19 concerns weigh on economic recovery outlook.

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide.

Ford’s stock was trading about 3.5% lower at $13.13 per share on Monday. The stock has a 52-week high of $16.45 and a 52-week low of $6.41.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

GM’s stock was trading about 3.2% lower at $53.70 per share. The stock has a 52-week high of $64.30 and a 52-week low of $24.44.

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The Dow Jones closed lower by around 200 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

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