Why Lordstown Motors Stock Drove Higher Tuesday
Lordstown Motors (NASDAQ: RIDE) shareholders haven't had a great ride so far in 2021. The stock is down 50% year to date. And that is after shares have soared almost 30% in the last week. That includes a more than 20% jump today, as of 3:50 p.m. EDT.
The striking reversal came as the company announced yesterday that it will host a "Lordstown Week" next month. That could be significant in answering many of the lingering questions that have been raised, and which also played a large role in driving shares lower this year.
Lordstown Endurance electric pickup truck. Image source: Lordstown Motors.
Source Fool.com
