Ford Motor Company (NYSE:F) stock earnings are off-mark by nearly a half dollar as shares falter below the 50 SMA
Ford Motor Company (NYSE:F) stock today has faltered amid lackluster earnings, and has begun 2011 under-performing. Initial street estimations had Ford stock pegged at $0.488 per share, and Ford surprised the market this morning by reporting they had managed a meager performance of five cents a share – a drastic, far cry from an approximation of nearly half of a dollar. 2010 was a banner year for the big blue ‘F’ symbol, beating every estimation projected by analysts.
These earnings have left a lot more to be desired by the investors who have standing long positions in F. Just yesterday, shares rose to $18.88 a share, and today Ford has dropped through the 50 SMA on the turn of a dime. Or in F’s case, to the tune of a disappointing five cents.
Still, the company is an automotive manufacturing and design powerhouse, and has recently had problems building enough trucks fast enough all the while sales continue to increase. Ford has been the most resilient of American car and truck companies, and perhaps speculators had driven F too high, too fast. In any event, this is far from the first time Ford has met adversity and the company usually finds a way around it.
Ford has recovered two former price gaps today, and is near one from the open of November 4, 2010. Current support rests at the $15.62 price level, the aforementioned gap rests just below. Ford Motor Company (F) has a market value of $54,905,100,420 at the time of writing, and 3,401,803,000 shares remain outstanding.