Why Fisker Shares Are Trading Higher

Why Fisker Shares Are Trading Higher

Fisker Inc FSR shares are trading higher by 6.95% to $8.00 during Wednesday's session. Shares of companies in the auto and auto component space are trading higher ahead of Thursday's CPI and jobless claims data. Investor hopes of slowing inflation could lead to expectations of softer future Fed policy, which could positively impact consumer spending.

What's Going On In The Broader Market?

The market is anticipating a critical consumer price index (CPI) inflation reading coming on Thursday morning.

Economists are expecting the U.S. Labor Department to report 6.5% CPI inflation in December, down from 7.1% in November and a peak of 9.1% in June. Economists are also projecting that core CPI inflation, which excludes volatile energy and food prices, gained 5.7% in December versus 6% in the previous month...Read More

According to data from Benzinga Pro, Fisker Inc has a 52-week high of $16.26 and a 52-week low of $6.41.

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