Tag: Lordstown Motors Corp

Business

Lordstown Motors Corp (NASDAQ: RIDE) Drops 5% After Revelations That Executives Sold Shares Ahead of Results

Lordstown Motors Corp (NASDAQ: RIDE) dropped 5.45% following the revelation that its executives sold large portions of their shares before releasing financial results. According to accountants and lawyers, such huge sales raise questions regarding the startup’s internal controls, particularly following its recent woes. Five Lordstown executives sold chunks of their […]

Business

Lordstown Motors Corp (NASDAQ: RIDE) Plunge almost 20% Following Resignation of Top Executives

Lordstown Motors Corp (NASDAQ: RIDE) plunged 18.84% after two top executives stepped down and the company’s board discovered evidence of misstatement. The resignation of the executives comes days after the company said it didn’t have adequate cash to stay in business for the next 12 months. Two Lordstown executives resign.  […]