Lordstown Motors Corp. (RIDE): Price and Financial Metrics
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RIDE Price/Volume Stats
|Current price||$10.65||52-week high||$31.80|
|Prev. close||$10.31||52-week low||$6.69|
|Day high||$10.88||Avg. volume||11,312,875|
|50-day MA||$9.95||Dividend yield||N/A|
|200-day MA||$18.32||Market Cap||1.88B|
Lordstown Motors Corp. (RIDE) Company Bio
Lordstown Motors Corp. is an automotive company, which designs and manufactures light duty electric trucks targeted for sale to fleet customers. Lordstown develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company is headquartered in Lordstown, OH.
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Latest RIDE News From Around the Web
Below are the latest news stories about Lordstown Motors Corp that investors may wish to consider to help them evaluate RIDE as an investment opportunity.
Lordstown Motors drops another bombshell to investors.
Lordstown Motors Corp. says in a filing Thursday that orders for its electric pickup truck "do not represent binding purchase orders or other firm purchase commitments."
(Bloomberg) -- Lordstown Motors Corp., the under-fire electric vehicle startup, said in a regulatory filing that orders for its Endurance pickup are non-binding, countering a claim made at a media event earlier this week and sending shares tumbling.The company’s stock fell as much as 7% on Thursday after the company clarified statements by company President Rich Schmidt on June 15 that Lordstown had binding orders that would sell out capacity of 20,000 trucks through May of next year. The stock
The electric-truck startup hired John Whitcomb, a former director of global retail sales and technology at GM, to lead its commercialization strategy.
Electric-truck maker Lordstown Motors , which recently raised concerns about its ability to remain in business, on Thursday backtracked from earlier comments made by the startup's president and said it has no binding purchase orders. At an Automotive Press Association event in Detroit on Tuesday, Lordstown President Rich Schmidt had said, "currently, we have enough orders for production for '21 and '22'... Those are firm orders we have for those two years." However, in a filing with the U.S. securities regulator on Thursday, the company said, "although these vehicle purchase agreements provide us with a significant indicator of demand for the Endurance, these agreements do not represent binding purchase orders or other firm purchase commitments."
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