Lordstown Motors (NASDAQ: RIDE) went public on October 26, 2020, via a special purpose acquisition company (SPAC) merger with Diamond Peak Holdings Corporation. The stock was down nearly 60% from its highs set just 2 months ago (based on the November 2nd close of $13.07).
Is it a good time to get in?
In this video, I cover:
- Stock chart review of RIDE
- Five important things to know about Lordstown Motors
- My EV Pure Play Portfolio
- My opinion on Lordstown Motors as a long-term investment
DISCLAIMER: I'm not a financial advisor. These are my opinions and provided "as-is". It is not an offer to buy or sell securities. Read the Terms and Conditions.
What do you think about Lordstown Motors (RIDE)? Leave me a comment below. Thanks for stopping by.
Except for Wolves of Investing, I/we are not receiving any compensation from and do not have any business dealings with any companies whose stocks are discussed in this article.
Donnie Nguyen is the founder and CEO of Wolves of Investing. He started investing in the stock market in the early 2000s. He follows the teachings of Peter Lynch, Warren Buffett, and other investing legends. When he's not investing or blogging, he loves spending time with his family traveling and experiencing the world.
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