Ford shares up 2.3% to $46.50 in premarket trade

Ford stock prices jumped 1.3 percent to $44.52 after Ford announced its fourth-quarter earnings, according to data from S&P Dow Jones Indices.

Ford’s shares rose 2.5 percent to close at $46,637.25, up about $2.5 million from a year ago.

Ford had been on the upswing in recent weeks after its stock rose by more than 30 percent in the fourth quarter.

Ford shares closed up more than 10 percent on Monday, after Ford said its quarterly profit rose to $1.2 billion from $1 billion.

Ford shares have been on a tear since Ford Chief Executive Mark Fields took over in January.

Fields had said he would not make any big cuts in the company’s profit before the end of the year, saying that he had more than enough cash on hand to continue to operate.

Ford said in October that it would take $2 billion in additional financing to avoid a potential collapse.

Ford is still looking for funding, and investors will have to wait for the end-of-the-year earnings report before they will be able to take action.

Ford stock closed up 1.1 percent to more than $52,000 on Monday.


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