Ford Stock: Find Out The Level To Watch
What Happened: Ford has traded higher by 8.18% over a 5-day period after the company revealed its F-150 Lightning and announced a joint venture with SK Innovation.
The Ford F-150 Lightning, an all-electric version of its best-selling pickup truck, has 230 miles of range and is priced just under $40,000. It is expected to be on the road in spring 2022.
On May 20, Ford and SK Innovation announced the two companies signed a memorandum of understanding for a joint venture, BlueOvalSK, to produce approximately 60 gigawatt-hours annually in traction battery cells and array modules.
Trading Ford's Stock: Ford was Jacobi's 2021 pick for stock of the year, he said, adding that it is up about 55% year-to-date.