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home / news releases / SEV - Why Sono Group Stock Is Getting Fried Today


SEV - Why Sono Group Stock Is Getting Fried Today

Shares of Sono Group (NASDAQ: SEV) are short-circuiting at 11:12 a.m. ET on Friday after the electric vehicle (EV) start-up priced its secondary offering. The stock is falling 19.3% after the company announced it was pricing the shares at just $4 each, some 16% below where the stock closed on Thursday.

The EV stock collapsed the other day , too, when it first announced the offering.

Image source: Sono Group.

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Why Sono Group Stock Is Getting Fried Today
Stock Information

Company Name: Sevcon Inc.
Stock Symbol: SEV
Market: NASDAQ

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