Ford Motor Company F shares are trading higher amid optimism surrounding the company's F-150 Lightning vehicle. CEO Jim Farley earlier indicated the company has seen over 44,500 reservations in less than 48 hours.
Ford manufactures automobiles under its Ford and Lincoln brands. The company has about 14% market share in the United States and about 7% share in Europe. Sales in North America and Europe made up 69% and 19.5% of 2020 auto revenue, respectively.
Ford's stock traded higher by 7.7% to $13.46 at publication time.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in