Ford Motor (F) NewsBite - F Sales Numbers Miss Mark

Posted: Tuesday, September 01, 2009 3:27 PM EDT

Ford Motor (NYSE: F) opened at $7.51. So far today, the stock has hit a low of $7.13 and a high of $7.77. F is now trading at $7.28, down $0.32 (-4.21%). Over the last 52 weeks the stock has ranged from a low of $1.01 to a high of $8.86. F announced today that it sold 182,149 cars and trucks in August, up 17 percent from August of 2008. Analysts were expecting a 39 percent jump on the heels of the popular Cash for Clunkers program, which provided government rebates for certain new car purchases. Technical indicators for the stock are neutral and S&P gives F a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on F the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]

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