Why Fisker Stock Jumped 8% on Friday
Fisker (NYSE: FSR) stock investors have had a rough week so far. But don't worry. It's getting better on Friday.
The week started out rough for investors in this electric car company, with a pair of Wall Street banks (R.F. Lafferty and Evercore ESI) tag-teaming the stock with, first, a downgrade to "in line" and then a price-target cut. Over the ensuing days, Fisker stock dropped 15% below last Friday's close. But today, all of a sudden, Fisker stock has turned around and headed higher, rising 8.2% through 1:30 p.m. ET.
And you can thank for that.
Source Fool.com
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