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Lordstown Motors Down 60 Percent – Time to Buy?

Written by Donnie Nguyen

November 4, 2020

Lordstown Motors (NASDAQ: RIDE) went public on October 26, 2020, via a special purpose acquisition company (SPAC) merger with Diamond Peak Holdings CorporationThe 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?

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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.

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Disclosure

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.

Want to learn the principles that help me to consistently beat the market? Check out my free eBook, 5 Things I Wish I Knew Before Buying My First Stock.

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Donnie Nguyen

Donnie Nguyen

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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