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Benzinga
Benzinga
Business
Melanie Schaffer

Why Ford Stock Looks Set To Bounce Despite Massive Vehicle Recall

Ford Motor Co (NYSE:F) gapped down 0.85% on Thursday to start the trading day and slid an additional 2.12% off the open before running into a group of buyers who pushed the stock up to work toward printing a dragonfly doji candlestick on the daily chart.

The stock appeared to be ignoring news that Ford issued a recall of almost 200,000 2015-2017 Ford Expeditions and Lincoln Navigators over a fire risk. 

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