Fisker Inc (NYSE:FSR) shares are trading higher by 9.5% at $19.32 after Magna International disclosed a 7.4% stake in the company.
Additionally, the company on Tuesday announced it will be added to the Russell 3000 Index (NASDAQ:RUA) on June 28.
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Fisker noted in a press release that membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in either the large-cap Russell 1000 Index (NASDAQ:RUI) or the small-cap Russell 2000 Index (NASDAQ:RUT) – as well as the appropriate growth and value style indexes.
Fisker focuses on design, development, manufacture, and sale of electric vehicles. The company was founded in 2016 and is headquartered in Manhattan Beach, California.
Fisker has a 52-week high of $31.96 and a 52-week low of $8.70.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.