Lordstown Motors Corp shares are trading lower after the company opted to file for Chapter 11 bankruptcy protection.
Portfolio Pulse from Benzinga Newsdesk
Lordstown Motors Corp has filed for Chapter 11 bankruptcy protection, causing its shares to trade lower.
June 27, 2023 | 10:01 am
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NEGATIVE IMPACT
Lordstown Motors' decision to file for Chapter 11 bankruptcy protection has led to a decline in its share price.
Lordstown Motors' filing for Chapter 11 bankruptcy protection indicates financial distress, which negatively impacts investor confidence and leads to a decline in the company's share price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100