|Bid||9.18 x 1200|
|Ask||9.19 x 3000|
|Day's range||8.91 - 9.85|
|52-week range||6.69 - 31.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||11 Aug 2021 - 16 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.00|
Embattled electric-pickup start-up Lordstown Motors (NASDAQ: RIDE) said today that its CEO Steve Burns and CFO Julio Rodriguez have resigned, after a report by the company's independent directors concluded that some of Lordstown's statements about its pre-orders were inaccurate. A committee formed by Lordstown's independent directors examined allegations made by short-seller Hindenburg Research in March. The report concluded that while several of Hindenburg's allegations were without merit, the firm's most explosive allegations -- that Lordstown had exaggerated the number of pre-orders for its pickup, and that some of those pre-orders may have been made by small companies that don't operate fleets -- were valid.
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.
(Bloomberg) -- Lordstown Motors Corp. announced the abrupt departure of its two top executives and said its board found evidence of inaccurate statements, intensifying the turmoil for the electric-vehicle maker and onetime SPAC star.Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately, the company said in a statement Monday. Burns declined to comment about his exit in a text message.It is the latest setback for the