5 Stocks Losing Ground on Monday

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 46

Shares of Ford Motor Company (NYSE:F) declined over five percent after the opening bell on Monday after a jury imposed a penalty of $1.7 billion on the Michigan-based automaker over an accident involving its heavy-duty truck.

The plaintiffs filed a court case against Ford Motor Company (NYSE:F), saying the weak roof quality of the 2002 Ford F-250 resulted in the death of their parents. Following the verdict, Ford plans to file an appeal, seeking to limit the fine amount.

Meanwhile, Ford Motor Company (NYSE:F) just confirmed that it is trimming nearly 3,000 jobs, primarily in the U.S. and Canada. The latest cuts are a part of its EV restructuring plan announced earlier this year.