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Why Ford Shares Are Diving Today

Ford Motor Company (NYSE: F) shares are trading lower by 4.10% to $12.74. Shares of auto companies are trading lower following worse-than-expected May CPI data.

Benzinga · 06/10/2022 11:34

Ford Motor Company (NYSE:F) shares are trading lower by 4.10% to $12.74. Shares of auto companies are trading lower following worse-than-expected May CPI data. Growing inflation has caused economic slowdown fears, which have impacted the sector.

According to the Bureau of Labor Statistics, the all-items CPI figure increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981.

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According to data from Benzinga Pro, Ford has a 52-week high of $25.87 and a 52-week low of $12.07.