Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6545
    +0.0022 (+0.34%)
     
  • OIL

    84.02
    +0.45 (+0.54%)
     
  • GOLD

    2,356.60
    +14.10 (+0.60%)
     
  • Bitcoin AUD

    98,304.45
    +474.93 (+0.49%)
     
  • CMC Crypto 200

    1,388.32
    -8.22 (-0.59%)
     
  • AUD/EUR

    0.6097
    +0.0023 (+0.39%)
     
  • AUD/NZD

    1.0977
    +0.0019 (+0.18%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     
  • FTSE

    8,125.99
    +47.13 (+0.58%)
     
  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     
  • DAX

    18,019.18
    +101.90 (+0.57%)
     
  • Hang Seng

    17,657.41
    +372.87 (+2.16%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Why Lordstown Motors' Stock Is Sinking Today

Why Lordstown Motors' Stock Is Sinking Today

Shares of Lordstown Motors (NASDAQ: RIDE) were down sharply on Monday morning, after the company said that its CEO and chief financial officer had resigned following an investigation by the board of directors. As of 10:15 a.m. EDT today, Lordstown's shares were down about 20% from Friday's closing price. Lordstown said on Monday morning that CEO Steve Burns and CFO Julio Rodriguez have resigned from the company effective immediately.