Shares of Ford Motor hit a new 52-week high for a third consecutive day Thursday, putting the stock on pace for its best week since at least June.
The stock is up about 20% this week, including an increase of as much as 11.9% during intraday trading Thursday morning. Shares reached as high as $12.15 on Thursday — the stock’s highest price since June 2018. They were trading up about 8% as of early Thursday afternoon.
The surge follows positive comments from Deutsche Bank and Barclays on Ford’s product plans and reporting of fourth-quarter earnings on Feb. 4, including optimism about its guidance for 2021. The automaker earlier this month also received praise for its all-electric Mustang Mach-E crossover after Ford allowed several analysts to test-drive the vehicle.
