Market Overview

Why Is It Moving? Analyzing The Upward Movement in Lordstown Motors's Stock Today

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Lordstown Motors’s Stock Price And Volume Action

Lordstown Motors’s (NASDAQ: RIDE) stock is trading up 9.68% to a price of $19.6. The stock’s current volume for the day is 4.39 million, which is approximately 69.44% of its previous 30-day average volume of 6.33 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Lordstown Motors shares are trading higher after Goldman Sachs initiated coverage on the stock with a Buy rating on the stock and announced a price target of $31 per share.

Insights On Recent Price Action

The stock’s 50-day moving average was $20.51 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $30.75 and fallen to a low of $12.8.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.

 

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