RIDE - Why Lordstown Motors Jumped Today
Lordstown Motors (NASDAQ: RIDE) shares continued to rebound today after a sharp drop on Monday . The two-day move higher may not satisfy owners of the stock who have held on through its more than 50% decline year to date, but there may be more positive news for them coming soon. Today, the stock traded near the day's highs up 5.8% as of 3:35 p.m. ET.
Lordstown announced that production of its electric Endurance pickup truck began at the end of September after a troubling early history. Another electric vehicle (EV) start-up offered some encouraging news today, and some investors may be getting more optimistic about Lordstown's future because of it.
Image source: Lordstown Motors.
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Why Lordstown Motors Jumped Today