NEW YORK (TheStreet) -- Dismissing the price action over the past two days, Ford (F) stock has essentially remained unchanged over the previous three months. This even includes an earnings beat that exceeded analysts' lofty expectations.
Still, the share price barely budged. Of course, any remotely active F investor has likely witnessed the stock drop to $15.30, an 8% fall from Tuesday's closing price of $16.70.
Even during Wednesday's rally -- induced by the Federal Reserve's latest tapering announcement -- shares of F still closed lower by some 6+%. Not generally a good sign, especially when both the Dow Jones Industrial Average and S&P 500 posted record closing highs.
Before dissecting the recent move lower, let's take a step back and discuss the previous three months of share price stagnation.
Increased speculation regarding CEO Alan Mulally's potential departure to Microsoft (MSFT) has created uneasiness among the shareholder base. (Of course, it shouldn't really matter, since Mulally's whole plan was to likely retire at the end of 2014 anyways).
But it has mattered, and honestly, it will continue to do so until the headwind is removed. Personally, I don't think Mulally's going anywhere.
The move for Mulally to stay would (and should) not come as a surprise to investors at this point. Although to reassure them that it's true seems rather important now.