|Bid||1.3300 x 34100|
|Ask||1.3500 x 27000|
|Day's range||1.3200 - 1.3600|
|52-week range||1.3000 - 4.8800|
|Beta (5Y monthly)||1.18|
|PE ratio (TTM)||N/A|
|Earnings date||08 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.63|
Lordstown (RIDE) to sell nearly 20% stake to Foxconn for an investment of roughly $170 million. The capital will be used to fund the development of EVs for a new collaborative program with Foxconn.
Foxconn will reportedly invest $170 million in Lordstown Motors, which is planning to deliver its first Endurance truck this year.
(Bloomberg) -- Lordstown Motors Corp. agreed to sell a substantial stake and give two board seats to manufacturing partner Foxconn Technology Group, replacing a previous arrangement for electric-vehicle production with a new deal.Most Read from BloombergTwitter Now Asks Some Fired Workers to Please Come BackElon Musk Tells Twitter Followers to Vote for a Republican CongressCZ's Binance to Buy Rival FTX After Sam Bankman-Fried Faces Liquidity CrunchPutin's Elite Tremble as Hardliners Call for ‘St