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Lordstown Motors shares tumbled nearly 10% in early trading

Tiger Newspress2021-10-05

Lordstown Motors shares tumbled nearly 10% in early trading.

Lordstown stock price target cut to $2 from $8 at Morgan Stanley.

Morgan Stanley lowers Lordstown Motors Corp. to an Underperform rating from Equal-weight after a significant reset of its forecasts and valuation as it factored in last week's update from the electric vehicle maker.

Analyst Adam Jonas: "While the agreement with Foxconn helps secure the future of the Lordstown plant and buys time to explore other business opportunities for RIDE (new programs,new platforms, new segments that have yet to be developed), we believe there would likely be little left for shareholders."

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评论29

  • SilentWarrio
    ·2021-10-08
    Noted
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  • BGTAN
    ·2021-10-08
    Yah
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  • vaztan
    ·2021-10-08
    China EV stock is better
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    收起
    • BGTAN
      ok
      2021-10-08
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  • clingling
    ·2021-10-07
    Like pls
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    收起
  • 3ddimation
    ·2021-10-07
    Nice
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  • Prosperity88
    ·2021-10-07
    Goood
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  • CCCH
    ·2021-10-06
    Good 
    回复
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  • KH321
    ·2021-10-06
    OK
    回复
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  • YeanPin
    ·2021-10-06
    3. Identifying exit points is key, both to limit downside losses and to take profits before those opportunities disappear.
    回复
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    收起
    • Officer
      Agree… Any suggestions how to handle greed during profit taking?
      2021-10-24
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    • Prosperity88
      welllll
      2021-10-07
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  • SilentWarrio
    ·2021-10-06
    Stay Away!
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  • Cedric77
    ·2021-10-06
    Avoid if you are considering to buy when dipped or correction. There was a reported article on Fraud issue. Otherwise if u still want to buy US EVs stock u May Considered Lucid instead.
    回复
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    • KH321
      OK
      2021-10-06
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  • Abbas99m
    ·2021-10-06
    Not so good
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    • JackTL
      why?🥺
      2021-10-06
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    • Abbas99m
      Decresing and they were doing goid revently
      2021-10-06
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    • 滚股怪
      Yep
      2021-10-06
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  • SP1980
    ·2021-10-06
    Gogogo
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  • 丰人
    ·2021-10-06
    Wow
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    • QSL
      good
      2021-10-06
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    • SP1980
      ok
      2021-10-06
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  • AeroNg
    ·2021-10-05
    Like
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    • 来人
      Done
      2021-10-06
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  • SanWangtikup
    ·2021-10-05
    Tell me your opinion about this news...
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    • doubleZ
      I am not suprised
      2021-10-05
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  • Vicky_Huiki
    ·2021-10-05
    like
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  • leslielimsh
    ·2021-10-05
    Like my post
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    收起
    • Sim1
      Done
      2021-10-05
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  • SteadyDoesIt
    ·2021-10-05
    Does not pay to invest here
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    • Ola5528
      Ikr!
      2021-10-05
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  • relaxlah
    ·2021-10-05
    like
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    • relaxlah
      like
      2021-10-05
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