What's Going On With Lordstown Motors Stock Thursday
Portfolio Pulse from Anusuya Lahiri
Lordstown Motors Corp (NASDAQ:RIDE) shares are trading higher after founder Steve Burns sold his remaining stake in the company. Burns has sold about $66 million of stock through mid-June as the company struggled with production issues and a fight with Foxconn Ventures Pte Ltd.
June 22, 2023 | 11:41 am
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POSITIVE IMPACT
Lordstown Motors shares are trading higher after founder Steve Burns sold his remaining stake in the company, amid production issues and a fight with Foxconn Ventures.
The sale of Steve Burns' remaining stake in Lordstown Motors has led to an increase in the stock price. This is likely due to the market interpreting the sale as a positive sign, despite the ongoing production issues and the fight with Foxconn Ventures.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hon Hai Precision Industry Co Ltd (OTC:HNHPF) is involved in a fight with Lordstown Motors, which has struggled with production issues.
Hon Hai Precision, also known as Foxconn, is involved in a fight with Lordstown Motors, which has been struggling with production issues. This negative news could potentially impact Hon Hai Precision's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50