Shares of Ford Motor Company (NYSE:F) ended Wednesday session in green amid volatile trading. The shares closed up +0.03 points or 0.24% at $12.70 with 22.88 million shares getting traded. Post opening the session at $12.62, the shares hit an intraday low of $12.62 and an intraday high of $12.75 and the price vacillated in this range throughout the day. The company has a market cap of $51.15 billion and the numbers of outstanding shares have been calculated to be 3.90 billion shares.
On September 7, 2016 Ford and its joint ventures in China have set another record for company performance in August, as sales for the month totaled 96,450 vehicles, up 22 percent compared to August 2015.
Year-to-date sales for Ford, Changan Ford (CAF) and Jiangling Motor Corporation (JMC) have reached nearly 750,000 vehicles, up 8 percent compared to the same time last year.
“We continue to build momentum in China on the strength of the most comprehensive and exciting Ford lineup we have ever offered Chinese customers,” said Peter Fleet, vice president of Marketing, Sales and Service, Asia Pacific. “Our new product surge continues this month with the launch of the new Kuga SUV with SYNC 3.”
Monthly sales for CAF, Ford’s passenger car joint venture, totaled 75,228 vehicles, up 26 percent compared to August 2015. So far in 2016 CAF has sold 578,947 vehicles, up 13 percent compared to last year.
Sales of small vehicles helped lead Ford’s strong performance in August, with sales of the new Ford Focus up 92 percent and sales of the Ford Escort up 49 percent compared to August 2015. The Ford Edge was another leader for Ford, with year-to-date sales up more than three-fold. The Taurus, Ford’s flagship sedan, also continues to gain the share in non-premium large sedan segment in China.
JMC, Ford’s commercial vehicle investment in China also saw strong August sales, selling 19,951 vehicles, a 16-percent increase compared to August 2015. Year-to-date sales so far total 159,213 vehicles, down 3 percent compared to the same time last year.
Shares of Nike Inc (NYSE:NKE) ended Wednesday session in green amid volatile trading. The shares closed up +0.31 points or 0.54% at $57.72 with 7.54 million shares getting traded. Post opening the session at $57.48, the shares hit an intraday low of $57.01 and an intraday high of $57.78 and the price vacillated in this range throughout the day. The company has a market cap of $95.83 billion and the numbers of outstanding shares have been calculated to be 1.35 billion shares.
Nike Inc (NKE) plans to release its first quarter fiscal 2017 financial results on Tuesday, September 27, 2016, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE management will host a conference call beginning at 2:00 p.m. PT to review results.
The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, October 4, 2016.