On Thursday, Shares of Ford Motor Company (NYSE:F), gained 1.40% to $15.22.
In the last trading session, the stock moved on high volume, trading at a volume of 27,437,601 shares as compared to its average daily volume of 32.57M shares.
The stock, as of recent close, has shown weekly upbeat performance of 1.53% which was maintained at 6.36% in 1-month period.
Ford Motor Company is expanding its commitment in New England by launching a new philanthropic initiative with local dealers that will comprise $2 million to fight hunger across the region.
Ford Motor Company Fund, the charitable arm of Ford Motor Company, will provide support, counting vehicles, to 10 food banks in Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont over five years. Ford is working with Feeding America®, the nation’s leading domestic hunger-relief organization, in connection with its outreach in New England.
“More than 12 percent of those living in the New England area lack reliable access to the food and nutrition needed to thrive,” said Jim Vella, president, Ford Motor Company Fund and Community Services. “As part of our commitment to the communities we serve, we are stepping up our efforts in the fight against hunger.”
Over the last decade, Ford has assisted provide more than 100 additional vehicles to Feeding America member food banks. These vehicles enable food banks to collect food and grocery donations received from retail stores, farmers and manufacturers and get it to people facing hunger.
“The support from Feeding America and Ford Motor Company Fund is extremely valuable to The Greater Boston Food Bank and our mission, which is to ‘End Hunger Here,’” said Cheryl Schondek, vice president of Food Acquisition and Supply Chain at GBFB. “As we enter the busiest time of year, this partnership will assist us distribute more nutritious food and fresh produce throughout eastern Massachusetts.”
Ford declared the latest philanthropic partnership with its dealers at an event that also brought the award-winning Ford DSFL program to New England. Hundreds of teen drivers from the area will experience a safe driving course that puts them behind the wheel with professional instructors. Counting recently’s new programs, Ford and the Ford Fund have invested more than $12 million in hunger-relief, education and other New England community service programs over the past 10 years.
Ford’s expanded investments in the New England region are part of Ford Fund’s Operation Better World initiative. Launched in 2008, the Operation Better World framework enables the Ford Fund, Ford dealers and other groups to collaborate on a planned approach to philanthropy and more effectively meet community needs. Counting New England, the Ford Fund has launched Operation Better World programs in 25 cities and regions around the U.S.
The stock closed its last trade at $15.22. The market capitalization for the company is reported at $59.56B.
Looking at other metrics of the stock, we find that the mean estimate for the short-term price target for the firm stands at $17.56. The higher price target for F is $23.00, while the lower price target is $15.00. In the past 52 weeks, the company shares have gain 10.37% and marked new high $16.74 on Mar 23, 2015.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names.
