Why Fisker Stock Finally Bounced on Friday
Three straight days of share price declines reversed for Fisker (NYSE: FSR) on Friday, after the electric car start-up announced it will be attending the National Automobile Dealers Association (NADA) Show in Las Vegas next week, and will there "share its plans" for setting up a car dealer network.
Fisker shares rose 8.5% through noon ET in response to the news.
Earlier this month, Fisker announced that it plans to shift from a Tesla-like direct sales model and instead develop a dealer network (of some sort) of its own.
Source Fool.com