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.

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Source Fool.com