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home / articles / FSR - Why Fisker (FSR) Stock Is Moving | Benzinga

FSR - Why Fisker (FSR) Stock Is Moving | Benzinga

Fisker Inc Com Cl A

Fisker Inc (NYSE:FSR) shares are trading higher by 17.5% to $0.18 Friday morning, rebounding following recent reports the EV manufacturer is considering bankruptcy.

The stock is rebounding Friday after Fisker executives late Thursday issued a statement. Fisker declined to comment on market rumors and speculation but mentioned their collaboration with external advisors to manage the business and execute strategies.

The company late Thursday emphasized its focus on raising capital, forming a strategic partnership with a major automaker, and transitioning from a direct-to-consumer model to a dealer-based approach. They reassured stakeholders that the leadership team is dedicated to these initiatives.

Fisker shares fell sharply late Wednesday after a WSJ report indicated that the EV manufacturer is considering bankruptcy. The report suggested the company has enlisted restructuring advisers, including financial adviser FTI Consulting and law ...

FSR) Stock Is Moving>Full story available on Benzinga.com
Stock Information
Company Name: Fisker Inc Com Cl A
Stock Symbol: FSR
Market: NYSE
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