Shares of Ford Motor Co. (F) tumbled 6.9% in very active morning trading Thursday, in the wake of the automaker's disappointing second-quarter results ( ) and outlook. Trading volume spiked to 33.9 million shares, enough to make the stock the most actively traded on major U.S. exchanges. The stock was on track to suffer the biggest one-day percentage decline since January 2018. J.P. Morgan analyst Ryan Brinkman, who currently has no rating on Ford shares, said Ford's guidance provided late Wednesday implies "materially lower" second-half automotive profits than he, or his peers, had forecast. The stock has still gained 26% year to date, while the S&P 500 has advanced 20%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 25, 2019 10:12 ET (14:12 GMT)
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