🔴 Ford Motor Company is trading 4% down, pressured by a new vehicle recall and profit-taking

Ford Motor Company is trading 4% down at $15.96 as investors take profits following a massive rally and digest a new safety recall.

• Ford issued a 'Do Not Drive' advisory for approximately 4,653 Bronco Sport and Maverick vehicles from 2021-2026 models due to a front ball joint issue that could cause a loss of steering control.
• The decline also represents continued profit-taking after the stock surged 44% in May, its best month since 2009, on investor enthusiasm for its Ford Energy battery storage business.
• The stock is extending losses from the previous session, where it fell over 4.6%.