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Why Is Lordstown Motors Stock Higher Today?

TheMotleyFool

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Shares of embattled electric pickup start-up Lordstown Motors (NASDAQ: RIDE) were trading higher on Thursday. There was no bullish news moving the stock higher -- and in fact, there are some good reasons to think that the stock really shouldn't be moving higher.

Nonetheless, as of 1:30 p.m. EDT today, Lordstown's shares were up about 8.7% from Wednesday's closing price.

I admit that I don't understand why auto investors would be buying Lordstown's stock at these levels. This company's bull case (such as it was) has been badly damaged in recent months. Let's review:

Source Fool.com

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