Ford Flounders After Q4 Report

Ford Motor

shares are trading lower by $0.23 at $11.62 in Thursday's session. The Street is not impressed with Q4 beat for EPS of $0.06 with over $1.5B beat for revenues. Off the open, it immediately peaked just below Wednesday's high ($12.10), only reaching $12.06 and began to move lower. The ensuing decline nudged the issue beyond its former lower for its recent decline ($11.47), reaching $11.20 before rebounding to its current level. Ford is in danger of posting its lowest close since October 2012 unless it can end the session above $11.85.