Friday, March 15, 2024

Followup: "Fisker Stock Rallies After EV Maker Talks Down Potential Bankruptcy Filing"

 Following on last night's Electric Vehicles: "Fisker breaks silence about potential bankruptcy. Here’s what it had to say" (FSR).

Lifted in toto from the Wall Street Journal, March 15:

Fisker shares leaped in early trading after the embattled electric-vehicle maker played down talks of a potential bankruptcy filing.

The company's stock had dived roughly 50% to 15 cents Thursday, after The Wall Street Journal reported that Fisker had hired restructuring advisors.

It jumped Friday. Shortly after the open, its stock was up nearly 16% at about 18 cents. That compares with an all-time closing high of $28.50 in February 2021.

The stock is up  .0151, [1.5 cents] (+9.7482%) at 17 cents.