March was a tough month for momentum stocks, and electric-vehicle start-up Fisker (NYSE: FSR) was no exception. Shares of Fisker fell by 39.6%, according to data provided by S&P Global Market Intelligence, despite several Wall Street analysts coming to its defense.
It was an odd month for Fisker, an electric-vehicle company that has been turning a lot of heads in 2021. On March 1, CEO Henrik Fisker tweeted that the company had 13,000 reservations for its Ocean vehicle.
The Fisker Ocean. Image source: Fisker.
Source Fool.com