Electric Vehicle Watch: Lordstown Motors Corp (RIDE) Is Bearish And Falling Friday

Friday, September 30, 2022 10:10 AM | InvestorsObserver Analysts

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Electric Vehicle Watch: Lordstown Motors Corp (RIDE) Is Bearish And Falling Friday

Lordstown Motors Corp is losing momentum Friday, decreasing 1.33%. Overall market sentiment has been down on Lordstown Motors Corp (RIDE) stock lately. RIDE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Lordstown Motors Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RIDE!

See Full RIDE Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With RIDE Stock Today?

Lordstown Motors Corp (RIDE) stock is trading at $1.86 as of 10:10 AM on Friday, Sep 30, a decline of -$0.02, or -1.33% from the previous closing price of $1.88. The stock has traded between $1.83 and $1.88 so far today. Volume today is less active than usual. So far 323,265 shares have traded compared to average volume of 3,382,199 shares.

More About Lordstown Motors Corp

Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market. Click Here to get the full Stock Report for Lordstown Motors Corp stock.