In 2021, Ford (NYSE: F) stock rose to a level not seen in the last two decades. The stock rose 136% during the year. So, what got investors suddenly excited about this old automaker , and will the momentum sustain in the new year? Let's discuss what's next for the Blue Oval.
On the last day of 2021, Ford's stock closed at $20.77 -- a level it has not reached in at least two decades. If you would have invested $10,000 in Ford's stock at the beginning of 2021, your investment would have more than doubled to $23,630 in just a year. Ford's stock outperformed its peers General Motors , Volkswagen , and Toyota Motors last year.
F data by YCharts
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Is Ford Still a Buy After Jumping 136%?