Ford Falls After Recalls; Coca Cola Heavy Trading Volume Takes Profit
May 1, 2015 7:50 am
May 1, 2015 – Stock Market News
Ford has had to issue four safety-related recalls this week, three of which affected the popular Fusion series. Roughly 1 million vehicles were issued recall notices, over half of which were Ford Fusion cars. The reasons for these recalls range from faulty doors that do not close properly to problems with power steering. Losses were further exacerbated by a lower than expected quarterly earnings report. Shares slid yesterday by another 1.37%.
Coca Cola’s quarterly earnings slightly exceeded expectations, bringing in 0.42 per share rather than the expected 0.40. After the release, Coca Cola had one of the highest trading volumes in yesterday’s US session. Much of that trading involved profit taking, causing Coca Cola stocks to pull back by 1.27% for the day, extending losses to two days so far and bringing stock prices back down to $44.41. In the premarket, Coca Cola shares have continued to ease back, though by a minor amount. The current price of stocks remains at its lowest in over a week, however, which may prevent share prices from dropping further.
May 1, 2015 – Stock Market News
Ford has had to issue four safety-related recalls this week, three of which affected the popular Fusion series. Roughly 1 million vehicles were issued recall notices, over half of which were Ford Fusion cars. The reasons for these recalls range from faulty doors that do not close properly to problems with power steering. Losses were further exacerbated by a lower than expected quarterly earnings report. Shares slid yesterday by another 1.37%.
Coca Cola’s quarterly earnings slightly exceeded expectations, bringing in 0.42 per share rather than the expected 0.40. After the release, Coca Cola had one of the highest trading volumes in yesterday’s US session. Much of that trading involved profit taking, causing Coca Cola stocks to pull back by 1.27% for the day, extending losses to two days so far and bringing stock prices back down to $44.41. In the premarket, Coca Cola shares have continued to ease back, though by a minor amount. The current price of stocks remains at its lowest in over a week, however, which may prevent share prices from dropping further.
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