Boyd is Blue
The Boyd Group stock resumes a steady decline mid-September. After a high of 181.04, it began to drop by the end of last month, which in hindsight, has been marking a trend.
Despite a spike to 177.40 on Friday, the downward trend continued, marking a new low today at 171.64. This comes after news last week that, after the acquisition of Carrossier ProColor, rival Fix Auto is officially the largest collision repair services provider in the country, leaving spectators watching Boyd for any response.
The trend could also mark growing pains for the group as it transitions in a new CEO. Tim O’Day is currently gearing up to replace Brock Bulbuck by 2020, with a succession plan currently in place.
Ford Looking Frail
Ford stock has dropped precipitously in October, following the release of a third-quarter report showing lower-than-expected sales numbers for the OEM.
The stock started the month trading at 9.16USD before and is now trading at 8.74.
The stock spent much of the middle of 2019 trading above USD10, but had begun the year at 7.90 USD.
Uni-Select in the dumps
Uni-Select’s investors reacted badly to news that the company would be selling its Carrossier ProColor network to the Fix Network. On October 1, the first trading day after the announcement of the shift, Uni-Select saw its stock value dip from $11.04 per unit to $10.42—a 5.3 percent drop.
Uni-Select’s stock has had a difficult quarter-decade. In April of 2017, it was trading at $36.17, a historic high. At the beginning of 2019, it appeared to have stabilized around $19.50, before a February crash took a third off of its value.
Today, it sits at $10.40, close to its lowest value since 2013.
