Insider Activity Report: Ford Motor Company (F)

Douglas Field, chief EV design officer at Ford Motor Company (F), recently bought 182,000 shares. The buy increased his stake by 34 percent, and came to a cost of $2.01 million.

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  • This marks the first insider buy since March, when the company’s Executive Chairman spent $4.5 million to buy 267,697 shares. In the past few months, a few company officers have been sellers of shares following the exercise of stock options.

    Overall, Ford insiders own 0.2 percent of shares.

    The automaker has seen shares slump 17 percent in the past year. Sales have slowed as the costs to finance a car have risen.

    Ford has also joined other automakers in scaling back big plans to expand into electric vehicles in recent months, indicating lower demand could be a longer-term trend.

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  • While the company has struggled with profitability right now, revenues are up 11 percent over the past year. Shares also trade at book value, and at less than 7 times earnings.

    Action to take: Investors may like shares as a contrarian buy here. The stock looks undervalued relative to its performance following its latest selloff.

    Ford shares currently pay a 5.4 percent dividend.

    For traders, the March 2024 $11 calls, last trading for about $0.65, could see mid-double-digit gains on a move higher for shares in the coming months.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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