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Why Fisker Shares Hit an All-Time Low This Week

TheMotleyFool

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Why Fisker Shares Hit an All-Time Low This Week: https://g.foolcdn.com/editorial/images/757526/fisker-ocean-charging.png

Fisker (NYSE: FSR) shares jumped on Thursday, but the stock was bouncing off an all-time low it hit this week. A spate of bad news has caused the electric vehicle (EV) start-up to lose more than 75% of its market value over the last three months.

That includes a drop of 17% this week as of early Friday, according to data provided by S&P Global Market Intelligence. Things got bad enough for Fisker this week that its founder and CEO felt the need to make a public statement contesting the negative reports about the company.

Source Fool.com

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