Lordstown motors stock

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Lordstown Motors Corp. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, and is headquartered in Lordstown, OH. This browser is no longer supported at MarketWatch. For the best MarketWatch. Market Data. Latest News All Times Eastern scroll up scroll down.

Lordstown motors stock

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The original equipment manufacturer of electric vehicles announced that it would effect a reverse stock split of its Class A common stock effective May 24, Lordstown Motors' Class A common stock will begin trading on a split-adjusted basis on the Nasdaq under its existing symbol, "RIDE," when the market opens on May 24, The reverse stock split helps improve the Class A common stock marketability and liquidity. A higher market price can make the Class A common stock more attractive to a broader range of institutional investors, professional investors, and other members of the investing public. In May, Lordstown shared plans to shelve the production of its Endurance electric full-size pickup truck shortly, given the lack of investment and production delays. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

Lordstown motors stock

The company was based at the Lordstown Assembly plant, previously a General Motors factory. In January , the company announced the opening of a vehicle service center in Irvine , California , to support customers in the Southern California region. In March , the investment research firm Hindenburg Research , which specializes in short-selling , published a lengthy report about Lordstown. In the report, Hindenburg presented evidence that demonstrated a history of fraud at Lordstown, with the company misleading investors by exaggerating demand and orders for its trucks, as well as Lordstown's ability to build these trucks.

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