Street Not Impressed With Ford's Raised Guidance And Special $1 Billion Dividend
Ford Motor Company (NYSE: F) shares are trading lower by $0.35 at $12.50 in Wednesday's session. The Street is not reacting positively to the company's raised 2015 guidance and special $1 billion dividend.
After a brief pop in pre-market trading over $13, it was unable to clear Tuesday's close ($12.85), only reaching $12.84 off the opening bell.
The ensuing decline has eclipsed the former low of the down move ($12.50), reaching $12.38 before rebounding to its current level. That marks the lowest level for the issue since it bottomed during the August Flash Crash at $10.44.
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