: Ford stock pulls back from 10-month high, after U.S. sales in latest quarter rise 11%

Shares of Ford Motor Co. F fell 1.7% in morning trading Thursday, to pull back from a 10-month closing high in the previous session, after the automaker said second-quarter U.S. vehicle sales rose 11.2%. That compares with rival General Motors Co. GM which reported on Wednesday Q2 U.S. sales that rose 19%. Ford said Q2 U.S. truck sales increased 26.2%, with F-Series sales rising 34.0%. The automaker said electric vehicle sales continue to grow, with June EV sales up 35.5%, and and with Q2 F-150 Lightning sales up 119% from a year ago and 4.1% higher than the first quarter. Ford’s stock has rallied 22.4% over the past three months, while GM shares have gained 12.9% and the S&P 500 SPX has tacked on 7.2%.

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