Ford Motor Co. (NYSE:F) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -0.93% to 11.76 with about 30.65 Million shares have changed hands in this session. U.S. President-elect, Donald Trump stated Ford Motor Co (F) Chairman Bill Ford had just told him automaker had decided not to move production at a Kentucky plant to Mexico. “I worked hard with Bill Ford to keep the Lincoln plant in Kentucky. I owed it to the great State of Kentucky for their confidence in me!” Trump stated on Twitter.
On the other hand, Ford Motor Co (F) provided President-elect a chance to claim a victory late on Thursday by informing him it would not shift production of a Lincoln sport utility vehicle to Mexico from Kentucky. Trump jumped at the chance, claiming in a tweet that he had “worked hard” with Ford Executive Chairman Bill Ford Jr. to keep the plant in Kentucky, even though Ford had never considered moving the whole factory south of the border.
“Ford is not going to make a decision on a purely political basis,” stated Kristin Dziczek, director of industry, labor and economics at the Center for Automotive Research in Michigan. “They are going to make a decision that makes business sense, economic sense and if it happens to align with political goals, that’s great,” she stated. The stock is going forward its fifty-two week low with 10.43% and lagging behind from its 52-week high price with -15.35%.
Same, the positive performance for the quarter recorded as -3.67% and for the year was -13.66%, while the YTD performance remained at -10.71%. F has Average True Range for 14 days of 0.25.
Cvent, Inc. (NYSE:CVT) [Trend Analysis] retains strong position in active trade, as shares scoring 0.70% to $35.97 in a active trade session, while looking at the shares volume, about 3.22 Million shares have changed hands in this session. Cvent Inc. (CVT) reported that they have attained notification from the U.S. Department of Justice that the Department of Justice has concluded its examination into the proposed acquisition of Cvent by an associate of Vista.
Cvent and Vista have agreed that all conditions to the completion of the merger have now been irrevocably satisfied and that the merger will be closed on or before November 29, 2016. The firm has institutional ownership of 64.20%, while insider ownership included 8.10%. CVT attains analyst recommendation of 3.00 with week’s performance of 18.63%. Investors looking additional ahead will note that the Price to next year’s EPS is 145.08%.