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Why Lordstown Motors Stock Fell in February

TheMotleyFool

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Why Lordstown Motors Stock Fell in February

Shares of Lordstown Motors (NASDAQ: RIDE) fell 23.2% in February, according to data provided by S&P Global Market Intelligence, as investors fretted about the growing amount of competition in the electric vehicle sector.

The stock was up more than 20% in the first 10 days of the month, but lost nearly 40% of its value in the weeks that followed.