Ford's Collision on Wall Street
Investors who had seen a heady 36% gain in Ford (F) shares over the past month began selling the stock and cashing in their profits as Wall Street analysts downgraded the stock following the auto maker's announcement Aug. 18 that it would reduce production by more than 20% in the fourth quarter and that demand for its profitable pickup trucks is falling faster than expected. Ford shares closed down 6.6%, to $7.47, on Aug. 21.
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