Ford (F) Stock Drops 5% Amid Broader Auto Sector Weakness
Ford Motor Co. (F) shares fell sharply Monday, closing down 4.97% at $13.39, with pre-market losses extending another 1.79% to $13.15. The decline mirrored broader pressure on Detroit automakers, with General Motors (GM) dropping 1.21% and Stellantis (STLA) plunging 5.69%.
Despite beating Q4 earnings estimates ($0.13 EPS vs. $0.06 expected), Ford's revenue declined 4.8% year-over-year. Escalating U.S.-Iran tensions and rising oil prices added sector-wide headwinds.
Notably, insider William Clay Ford Jr. increased his stake by 3.71% in February, purchasing 140,000 shares at $13.82. Analysts maintain a consensus 'Hold' rating with a $13.02 average price target.