|Bid||0.00 x 2200|
|Ask||0.00 x 4000|
|Day's range||5.78 - 6.19|
|52-week range||5.78 - 31.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||11 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||8.14|
Shares of most U.S.-based emerging electric-vehicle companies were down sharply on Tuesday, amid a resurgence of coronavirus concerns and after a mixed-bag earnings report from category leader Tesla (NASDAQ: TSLA) on Monday night. Faraday Future (NASDAQ: FFIE) was down about 23.6%. Lordstown Motors (NASDAQ: RIDE) was down about 8.2%.
(Reuters) -Lordstown Motors Corp said on Monday hedge fund YA II PN Ltd has committed to purchase up to $400 million of the company's shares over a three-year period, coming at a crucial time when the electric-truck maker faces heightened regulatory scrutiny related to its SPAC merger and vehicle preorders. Under the deal, YA can receive nearly 35 million Lordstown shares upon execution of the agreement, subject to the approval of Lordstown shareholders, as well as a small discount on the shares whenever purchased, according to a regulatory filing https://www.sec.gov/ix?doc=/Archives/edgar/data/0001759546/000155837021009220/ride-20210723x8k.htm. Some industry observers called it a good deal for Lordstown.
Julie Hyman breaks down some of Friday’s top business stories, including: European travel stocks higher as President Joe Biden says the U.S. reviewing the European travel ban, Xiaomi overtaking Apple as the number two smartphone vendor for the first time ever, and Lordstown Motors under investigation by the U.S. Justice Department.