Why Romeo Power Stock Is Higher Today

Shares of Romeo Power (NYSE: RMO) were trading higher on Tuesday afternoon as bargain-hunting investors moved in following a sell-off in the newly public battery-maker's shares.

As of 1:15 p.m. EST, Romeo Power's stock was trading at $20.54, up about 7.5% from Monday's closing price.

The California-based company, which is gearing up to make batteries for electric trucks and buses, has had a rough ride since its debut in the public markets on Dec. 30 following its merger with special-purpose acquisition company RMG Acquisition.

Source Fool.com