Ford Motor Company (NYSE:F) is well positioned for a breakout, Ford also enjoys the best October sales seen since 1999
Ford Motor Company (NYSE:F) stock is poised for a breakout. During the last trading session ‘F’ stock reached $14.46 which is one cent away from the current high of $14.47. Ford has had a great series of news, Ford manages to retain the #1 automotive sales in Canada by selling 19,664 cars and trucks in October. This is a 8% increase in Canada, while Toyota drops 22.7% comparatively.
The 19,644 automobiles sold is the best Ford has done in Canada for the month of October since the year 1999, sales are up 20% for this whole year in the country. Additionally, according to a CNBC report, Ford has also stated that the company will exceed 12 million cars and trucks sold for the year 2010. Ford enjoys the #1 position in Canada.
Ford Motor Company (F) is one of the world’s largest producers of cars and trucks. Ford and their subsidiaries also engage in other businesses, including financing vehicles. Ford never took part in the government bailout of the automotive industry in the United States, unlike some other USA-based competitors.
Ford has a market value of $47,969,937,600 with 3,324,320,000 shares outstanding. Ford last closed at $14.43 per share during the last trading session.