Morgan Stanley Discontinues Coverage on Lordstown Motors (RIDE)

UPDATE: Lordstown Motors (RIDE) Gains on Talk the Company is In Talks to Raise Capital

(Updated - June 9, 2021 2:31 PM EDT)

Lordstown Motors (NASDAQ: RIDE) climbed Wednesday afternoon after Reuters reported the company is in active conversations to raise capital. The company also said it has adequate capital to continue operations.

Shares climbed 10%.

Increasing unusual put option volume: WEN CLOV WISH CLNE RIDE LOGI

Increasing unusual put option volume: WEN CLOV WISH CLNE RIDE LOGI

Pre-Open Stock Movers 06/09: (AEMD) (WISH) (SLDB) Higher; (ODNS) (CPB) (CMTL) Lower (more...)

Pre-Open Stock Movers

Aethlon Medical (NASDAQ: AEMD) 370% HIGHER; WSB/Reddit meme trade.

ContextLogic Inc. (NASDAQ: WISH) 26.6% HIGHER; WSB/Reddit meme trade.

Solid Biosciences Inc. (Nasdaq: SLDB) 25% HIGHER; sees upside gains.

Clover Health (NASDAQ: CLOV) 24.6% HIGHER; sees continued momentum on WSB/Reddit meme trade

Lyra Therapeutics, Inc. (Nasdaq:... More

RBC Initiates Coverage of Lordstown (RIDE) at 'Underperform' and Fisker (FSR) at 'Outperform'

Joseph Spak, an analyst at RBC Capital Markets, started coverage of two emerging EV names with ratings on opposite ends of the spectrum - Lordstown Motors Corp (NASDAQ: RIDE) at Underperform and Fisker Inc (NYSE: FSR) at Outperform.

Spaks note on RIDE comes just a day after the company warned about its difficult financial position to send its shares over 17% down.

The companys ability to continue as a going concern is dependent on its ability to complete the development of its electric vehicles, obtain regulatory approval,... More

Lordstown Motors (RIDE) option implied volatility increases after adding 'going concern' warning to SEC filing

Lordstown Motors (NASDAQ: RIDE) 30-day option implied volatility is at 241; compared to its 52-week range of 96 to 240 after adding 'going concern' warning to SEC filing.

Stocks expected to have increasing option volume: UPS RIDE WKHS FSR GME LOVE

Stocks expected to have increasing option volume: UPS RIDE WKHS FSR GME LOVE

After-Hours Stock Movers 06/08: (LYRA) (FSR) (LMNR) Higher; (ONDS) (CMTL) (PATH) Lower (more...)

After-Hours Stock Movers

Lyra Therapeutics, Inc. (Nasdaq: LYRA) 11% HIGHER; announced the successful outcome of an End-of-Phase 2 (EOP2) meeting with the U.S. Food and Drug Administration (FDA) for LYR-210, its lead candidate for the treatment of chronic rhinosinusitis (CRS).

Ondas Holdings Inc. (NASDAQ: ONDS) 14.7% LOWER; announced that it intends to offer and sell shares of its common stock in an underwritten public offering

Comtech Telecom (NASDAQ: CMTL) 8% LOWER;... More

RBC Capital Starts Lordstown Motors (RIDE) at Underperform

RBC Capital analyst Joseph Spak initiates coverage on Lordstown Motors (NASDAQ: RIDE) with an Underperform rating and a price target of $5.00.

The analyst commented, "We see some clear positives including saving on time/cost to production given its facility acquisition... More

UPDATE: Lordstown Motors (RIDE) Halted on LUDP Following Earlier SEC Filing

(Updated - June 8, 2021 3:39 PM EDT)

Lordstown Motors (NASDAQ: RIDE) Halted on LUDP

Earlier the company said in an SEC filing:

The Board of Directors
Lordstown Motors Corp.:

We consent to the incorporation by reference in the registration statement (No. 333-250045) on... More