Global markets were expected to show improvement. There were two reasons shouldering the improvement- recovery of the Chinese markets and a rebound in the oil prices. But, seems like these two weren’t enough keep volatility off the markets, as Apple Inc. (NASDAQ:APPL) moved towards the red. The stocks slipped by over 3% causing a major loss to the tech sector. The Dow Jones Industrial Average and S&P 500 also slipped by 0.2%. The corporate earnings have also been a disappointment in this segment for the investors specifically. The record short-term volume on Tuesday brewed further troubles with the company’s 2M contracts changing hands on the trading day. On Wednesday, the shares seemed to improve slightly. The company opened at $112.95 and went on to achieve a high of $118 on the same day. The firm closed at $115.4 i.e. up by 0.76 points or 0.66%. This improvement affected the markets slightly on Wednesday.
On the other hand, automobile sector seemed to be showing some improvement and helping steady the markets. According to 12 analysts, Ford Motor Company (NYSE:F) the short-term price target estimated is $17.25. The standard deviation for the price target has been estimated at $1.76, which means the price that will be confirmed can fluctuate up to this value. The higher and lower price targets estimated for the company are recorded at $20 and $15 respectively.
There are 14 brokerage firms, which have given a 2.5 ranking to the firm. According to analysts, the firm should currently receive a buy rating. Only one analyst has given it a strong sell rating. The company showed improvement on Wednesday. The firm opened at $14.99 and went on to achieve a high $15.04 before closing at $14.8. The firm improved by 0.11 points i.e. 0.74%. The market cap declared by the firm was recorded at $59.16B.
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