If You Had Invested $1,000 In Ford Stock When Jim Farley Became CEO, Here's How Much You Would Have Now
The iconic automotive brand Ford Motor Company F has had 11 CEOs in its history, including Henry Ford who ran the company in its early days. Here's a look at stock market performance since the 11th CEO, Jim Farley, took over.
What happened: In August 2020, Ford announced that Jim Hackett was retiring and Farley would take over as the new CEO. In October 2020, Farley officially became the head of the 100+ year old automotive brand and has been running the business ever since.
Before becoming CEO of Ford, Farley held positions within the company including executive vice president of global marketing, sales and service; Executive Vice President of Ford Europe, Middle East and Africa; President of New Business, Technology and Strategy; and Director of Operations.
Farley held various positions at Toyota Motor Company TM from 1990 to 2007 before joining Ford.
On his first day at Ford, Farley outlined a plan to turn the company around, focusing on high-growth initiatives and the company's strongest franchises . Farley also announced plans to invest more than $11 billion in electric vehicle growth efforts.
Related Link: 5 Things You Might Not Know About Ford CEO Jim Farley
Invest $1,000 in Ford stock: Farley's first day with Ford was on October 1, 2020, a day when Ford stock traded between $6.71 and $6. $.77.
A $1,000 investment could have acquired 148.15 shares of Ford. Investing $1,000 in Ford stock would be worth $2,054.84 today, based on a price of $13.87 at the time of writing.
That's a 105.5% return since Farley became CEO of Ford. Investors would have had an average return of around 52.8% since then.
Ford shares hit an all-time high of $25.87 in January 2022 under Farley's leadership. The $1,000 investment would have been worth $3,832.64 at its peak, which works out to a hypothetical return of 283.3% in less than a year and a half.
Read Next: Ford Q3 Earnings Highlights: Top Revenues, Missed EPS, EV Update, and More
Photo: courtesy ofFord Asia-Pacific on flickr.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The iconic automotive brand Ford Motor Company F has had 11 CEOs in its history, including Henry Ford who ran the company in its early days. Here's a look at stock market performance since the 11th CEO, Jim Farley, took over.
What happened: In August 2020, Ford announced that Jim Hackett was retiring and Farley would take over as the new CEO. In October 2020, Farley officially became the head of the 100+ year old automotive brand and has been running the business ever since.
Before becoming CEO of Ford, Farley held positions within the company including executive vice president of global marketing, sales and service; Executive Vice President of Ford Europe, Middle East and Africa; President of New Business, Technology and Strategy; and Director of Operations.
Farley held various positions at Toyota Motor Company TM from 1990 to 2007 before joining Ford.
On his first day at Ford, Farley outlined a plan to turn the company around, focusing on high-growth initiatives and the company's strongest franchises . Farley also announced plans to invest more than $11 billion in electric vehicle growth efforts.
Related Link: 5 Things You Might Not Know About Ford CEO Jim Farley
Invest $1,000 in Ford stock: Farley's first day with Ford was on October 1, 2020, a day when Ford stock traded between $6.71 and $6. $.77.
A $1,000 investment could have acquired 148.15 shares of Ford. Investing $1,000 in Ford stock would be worth $2,054.84 today, based on a price of $13.87 at the time of writing.
That's a 105.5% return since Farley became CEO of Ford. Investors would have had an average return of around 52.8% since then.
Ford shares hit an all-time high of $25.87 in January 2022 under Farley's leadership. The $1,000 investment would have been worth $3,832.64 at its peak, which works out to a hypothetical return of 283.3% in less than a year and a half.
Read Next: Ford Q3 Earnings Highlights: Top Revenues, Missed EPS, EV Update, and More
Photo: courtesy ofFord Asia-Pacific on flickr.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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