Here's Why Ford Motors (F) Stock Spiked on Tuesday
Shares of automaker Ford Motors F spiked as much as 4.8% on Tuesday after unveiling its highly-anticipated 2021 Bronco.
The company started taking reservations for the SUV Monday night, and every one of the 3,500 First Edition models have been spoken for. Ford’s reservation site ended up crashing because of all the interested buyers.
The Bronco starts at $29,995 while the top of the line Bronco Wildtrak starts at $50,370.
Reservations for the vehicle only required a $100 deposit and final orders won’t be placed until later this year. Deliveries are expected next spring.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Click to get this free report
Ford Motor Company (F): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.