There are a number of reasons for Ford's increased stock market value, but one of the biggest is enthusiasm over the automaker's initial moves into the electric vehicle market.
In early May of 2020, Jim Farley bought $1 million worth of Ford stock, 195,000 shares at a little over $5 a share. It was a surprising move for an executive who normally gets plenty of stock and stock options as part of his compensation to be buying some of that same stock outright with his own money. At the time, Farley was Ford's chief operating officer, having been named to that position three months before by then-CEO Jim Hackett.
Today, Farley is CEO himself -- he replaced Hackett five months after that purchase -- and the stock is now worth four times as much. Apparently, his confidence in Ford hasn't waned. Farley hasn't sold those shares.Farley isn't the only higher-up at the automaker who's placed a bet on the company recently. Ford chairman Bill Ford, great-grandson of founder Henry Ford, recently exercised 2 million stock options to acquire more shares. Ford paid $20.
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