Cars and Drivers
If You Invested $1000 in Ford at the Market Bottom It Would Now Be Worth $8100
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One of the most difficult aspects of trading is timing the market. Odds are if you have been in the market over the past nine years, most likely you made some money. This bull market began in March of 2009, and 24/7 Wall St. is looking back to see how some major blue chip stocks compared to the broad markets over this time.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,732.22, more than quadrupling its bottom nearly nine years ago.
So how does Ford Motor Co. (NYSE: F) compare to the markets over the past nine years?
On an adjusted close basis, Ford closed March 6, 2009, at $1.31 a share, or at $1.70 on an unadjusted basis. Ford most recently closed at $10.60 on an adjusted basis.
Looking at the numbers here, we can see that Ford’s growth over this period definitely outpaced the broad markets, with shares gaining just over 700%.
However, Ford shares peaked during this period in 2014 at nearly $18. If shareholders sold at this price, they would have realized gains of roughly 1,274%.
If you had invested $1,000 in Ford at the market bottom, you would have $8,091.60 as of Wednesday’s close.
Over the past 52 weeks, Ford has underperformed the broad markets, with its shares down 15%. In just 2018 alone, the auto giant is down about 14%.
Shares of Ford were recently trading near $10.70, with a consensus analyst price target of $12.20 and a 52-week range of $10.19 to $13.48.
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