Shares of auto manufacturers fell Monday after Ford and General Motors reported U.S. sales declined in February. Ford Motor Company reported total U.S. sales in February declined 6.0 year-over-year to 183,947 vehicles, while General Motors reported sales declined 1.0 percent year-over-year to 222,104 vehicles. "Despite a slower start to 2014 than most people expected, we look forward to a very successful year, backed by plenty of new products and what should be the strongest GDP growth since the end of the recession." said Kurt McNeil, GM’s U.S. sales chief. Here is how some auto manufacturers reacted Monday:
Ford Motor Company (NYSE: F) shares traded in the range of $15.03 to $15.32 Monday before settling to close at $15.20, a decrease of 1.23 percent. The stock appears to be facing some resistance at the $15.22 and $15.41 levels with some support at $14.55. Shares of Ford Motor Company have fallen approximately 1.5 percent year-to-date.
More information on Ford Motor Company and access to the free equity report can be found at:
www.WallStreetFundamentals.com/F
General Motors Company (NYSE: GM) shares traded in the range of $35.70 to $36.59 Monday before settling to close at $36.21, an increase of 0.03 percent. The stock appears to be facing some resistance at the $36.40 and $37.35 levels with some support at $35.93 and $35.23. Shares of General Motors have fallen approximately 11.0 percent year-to-date.
More information on General Motors and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GM
Honda Motor Co. Ltd. (NYSE: HMC) shares traded in the range of $36.24 to $36.62 Monday before settling to close at $36.40, an increase of 0.97 percent. The stock appears to be facing some resistance at the $37.20 and $38.07 levels with some support at $36.36 and $36.00. Shares of Honda Motor have fallen approximately 12.0 percent year-to-date.
More information on Honda Motor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HMC
Toyota Motor Corp. (NYSE: TM) shares traded in the range of $113.15 to $113.98 Monday before settling to close at $113.60, a decrease of 1.47 percent. The stock appears to be facing some resistance at the $114.05 and $117.05 levels with some support at $111.85. Shares of Toyota Motor have fallen approximately 7.0 percent year-to-date.
More information on Toyota Motor and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TM
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