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 […]

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.  […]

Lordstown Motors Corp (NASDAQ: RIDE) shares had a wild day on Wednesday after the electric car startup said that it was in discussion with several parties regarding a capital raise barely a day after the company said warned of a cash crisis.  On Wednesday, the stock dropped almost 21% before […]