F is trading at $11.99 (+4.12%) after securing a major five-year deal as the Official Automotive Partner of MLB, replacing Chevrolet for the first time since 2005.
- The sponsorship win is driving outperformance as the broader market rallies, with the S&P 500 up 2.11% and the Nasdaq gaining 2.48%.
- Investor sentiment improved significantly after a postponed military strike on Iran eased energy supply fears, resulting in a 7% drop in oil prices.