Fisker shares are trading lower on continued weakness after the company on Monday announced $150 million in financing and said it will pause production for six weeks.
Portfolio Pulse from Benzinga Newsdesk
Fisker's stock is trading lower due to ongoing weakness following the announcement of $150 million in financing and a six-week production pause.
March 19, 2024 | 3:33 pm
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Fisker's announcement of $150 million in financing and a six-week production pause has led to a decrease in its stock price.
The announcement of significant financing coupled with a production pause is typically viewed negatively by investors, as it may indicate underlying issues with the company's operations or financial health. This perception can lead to a decrease in stock price in the short term.
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