Is Ford (F) Stock a Buy Now After Declining 23% in a Month?
Shares of the U.S. legacy automaker Ford (F) have tumbled nearly 23% in the past month, primarily due to dismal second-quarter results. Since its latest earnings report on Jul 24, Ford has seen its stock plummet 24.7% as earnings per share missed expectations, and net income contracted more than 5% year over year to $1.8 billion.A rise in warranty and vehicle recall expenses hit the automaker’s profits hard. These costs reached a staggering $2.3 billion in the second quarter alone, up $800 million and $700 ...