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Why Lordstown Motors Stock Jumped 58% Today

·2-min read
Why Lordstown Motors Stock Jumped 58% Today
In this article:
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Lordstown Motors (NASDAQ: RIDE) stock is absolutely crushing the markets today. Lordstown Motors, which is on the verge of bankruptcy, was just thrown a lifeline, and the market now can't seem to keep its hands off the penny stock. Just earlier this week, Lordstown Motors shares crashed after the company warned it may not be able to close its deal with Taiwanese electronics-giant Hon Hai Precision (OTC: HNHPF), better known as Foxconn.

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