$RIDE

Lordstown Motors Corp.

  • NASDAQ
  • Finance
  • Financial Conglomerates
  • Consumer Durables
  • Motor Vehicles
  • Manufacturing
  • Automobile Manufacturing

PRICE

$0.7553 ▲5.533%

Last Close

VOLUME

2,677,899

DAY RANGE

0.7 - 0.735

52 WEEK

0.72 - 3.79

Join Discuss about RIDE with like-minded investors

TR
@trademaster #TradeHouses
recently

By Tom Westbrook, Saeed Azhar and Scott Murdoch (Reuters) - Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. The Zurich-based bank's announcement helped reverse some of the heavy share market losses and restored confidence in wider financial markets, which were battered on Wednesday and into Asia trade on Thursday as investors fretted about potential runs on global bank deposits. In its statement, Credit Suisse said it would exercise an option to borrow from the central bank up to 50 billion Swiss francs ($54 billion). That followed assurances from Swiss authorities on Wednesday that Credit Suisse met "the capital and liquidity requirements imposed on systemically important banks" and that it could access central bank liquidity if needed. Credit Suisse is the first major global bank to be given an emergency lifeline since the 2008 financial crisis and its problems have raised serious doubts over whether central banks will be able to sustain their fight against inflation with aggressive interest rate hikes. The bank's shares surged 21% in pre-open trade in early European hours. Throughout most of the Asian day, stocks wallowed in the red as investors rushed to gold, bonds and the dollar. While Credit Suisse's announcement helped trim some early losses, trade was volatile and sentiment fragile. "It removes an immediate risk. But it confronts us with another choice. The more we do this, the more we blunt monetary policy, the more we have to live with higher inflation -- and what is it going to be?" said Damien Boey, chief equity strategist at Barrenjoey in Sydney. "Do bailouts make things better? On the one hand, you are removing a source of risk to the markets which is a clear and present danger. On the other hand we are feeding into this paradigm of monetary policy bucking within itself." Credit Suisse's borrowing will be made under the covered loan facility and a short-term liquidity facility, fully collateralised by high quality assets. It also announced offers for senior debt securities for cash of up to 3 billion francs. "This additional liquidity would support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs," the bank said. Credit Suisse Chief Executive Ulrich Koerner had earlier on Wednesday sought to reassure investors about the lender's strong liquidity. "Our capital, our liquidity basis is very, very strong," Koerner told media. "We fulfil and overshoot basically all regulatory requirements." Meanwhile, Credit Suisse bankers in Asia reached out to clients to reassure them after the latest inflow of funds. "We've been telling them to read the statements and look at the fact that we are buying 3 billion francs worth of bonds because they are so cheap," said a Hong Kong-based senior banker. "That's all we can say and try and plough on with work." The banker declined to be named as they were not authorised to speak to the media. EUROPEAN EPICENTRE The 167-year-old bank's problems have shifted the focus for investors and regulators from the United States to Europe, where Credit Suisse led a selloff in bank shares after its largest investor said it could not provide more financial assistance because of regulatory constraints. The concerns about Credit Suisse added to broader banking sector fears sparked by last week's collapse of Silicon Valley Bank (SVB) and Signature Bank (NASDAQ:SBNY), two U.S. mid-size firms. Investor focus is also on any action by central banks and other regulators elsewhere to restore confidence in the banking system. Policymakers in Australia and South Korea sought to reassure markets on Thursday that banks in their jurisdictions were well-capitalised. SVB's demise last week, followed by that of Signature Bank two days later, sent global bank stocks on a roller-coaster ride as investors feared another Lehman Brothers moment, the Wall Street giant whose failure had triggered the global financial crisis more than a decade ago. On Wednesday, Credit Suisse shares led a 7% fall in the European banking index, while five-year credit default swaps for the flagship Swiss bank hit a new record high. The investor exit for the doors raised fears of a broader threat to the financial system, and two supervisory sources told Reuters that the European Central Bank had contacted banks on its watch to quiz them about their exposures to Credit Suisse. The U.S. Treasury also said it is monitoring the situation around Credit Suisse and is in touch with global counterparts, a Treasury spokesperson said. NEXT STEPS Rapid rises in interest rates have made it harder for some businesses to pay back or service loans, increasing the chances of losses for lenders who are also worried about a recession. Traders are now betting that the Federal Reserve, which just last week was expected to accelerate its interest-rate-hike campaign in the face of persistent inflation, may be forced to hit pause and even reverse course. Bets on a large European Central Bank interest-rate hike at Thursday's meeting also evaporated quickly on growing fears about the health of Europe's banking sector. Money market pricing suggested traders now saw less than a 20% chance of a 50 basis point rate hike at the ECB meeting. For now, investors are focussed on what will happen at Credit Suisse next. "The next important step needs to come out from their CEO and display their new strategy to the public sooner than later to reassure the markets," Tareck Horchani, head of prime brokerage dealing at Maybank Securities in Singapore. "There is still the possibility they recover but the road will be very bumpy."

121 Replies 10 👍 14 🔥

TR
@trademaster #TradeHouses
recently

By Shubham Batra and Amruta Khandekar (Reuters) - Wall Street's main indexes climbed on Tuesday after consumer prices in the world's largest economy rose in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its next meeting. Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. On a yearly basis, it rose 6.0% last month, compared with 6.4% in the previous month. Excluding the volatile food and energy components, the CPI increased 0.5% after rising 0.4% in January. In the 12 months through February, the so-called core CPI gained 5.5% after advancing 5.6% in January. Traders held on to bets of a 25-basis-point rate hike at the Fed's next meeting in March, with odds of a pause in hikes slipping a bit to 17%. Stocks have been hammered in the past few days following the collapse of SVB Financial Group and peer Signature Bank (NASDAQ:SBNY) and on fears of risks to other banks from sharp interest rate hikes by the Fed. Investors are hoping that the threat of a financial crisis will force the U.S central bank to ease up on monetary tightening. "In light of the weekend's events, I don't think it could have been a more perfect number. It's showing that inflation is trending the way that the Fed has kind of expected and wanted," said Kim Forrest, chief investment officer, Bokeh Capital Partners, Pittsburgh. "The Fed's not going to be super aggressive and hurt banks more by raising interest rates." Regional bank stocks rebounded after suffering double-digit losses over the past few days, with the KBW Regional Banking index up 7.7%. First Republic Bank (NYSE:FRC) jumped 52.7% before trading in its shares was halted for volatility. Shares of peer Western Alliance (NYSE:WAL) Bancorp were also halted. The S&P 500 banking index rose 3.9% after recording its biggest one-day percentage drop since June 2020 in the previous session. Meta Platforms Inc (NASDAQ:META) rose 5.8% after the Facebook-parent said it would cut 10,000 jobs in a second round of mass layoffs. Other major Big Tech and growth stocks such as Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL) Inc and Tesla (NASDAQ:TSLA) rose between 1% and 4% in early trade. At 9:38 a.m. ET, the Dow Jones Industrial Average was up 305.98 points, or 0.96%, at 32,125.12, the S&P 500 was up 57.28 points, or 1.49%, at 3,913.04, and the Nasdaq Composite was up 193.90 points, or 1.73%, at 11,382.74. Shares of ride-hailing companies Uber Technologies (NYSE:UBER) Inc and Lyft Inc (NASDAQ:LYFT) rose 7% and 8.6% respectively, after a California state court revived a ballot measure allowing app-based services to treat drivers as independent contractors rather than employees. United Airlines Holdings (NASDAQ:UAL) Inc fell 6.2% after the U.S. carrier on Monday forecast an unexpected loss in the current quarter. Advancing issues outnumbered decliners by a 7.92-to-1 ratio on the NYSE and by a 4.87-to-1 ratio on the Nasdaq. The S&P index recorded no new 52-week highs and no new lows, while the Nasdaq recorded 9 new highs and 36 new lows.

96 Replies 11 👍 9 🔥

TR
@trademaster #TradeHouses
recently

(Reuters) - U.S. main stock indexes opened lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft (NASDAQ:LYFT) plunged as the ride-hailing firm forecast current-quarter profit well below estimates. The Dow Jones Industrial Average fell 28.34 points, or 0.08%, at the open to 33,671.54. The S&P 500 opened lower by 12.58 points, or 0.31%, at 4,068.92, while the Nasdaq Composite dropped 74.98 points, or 0.64%, to 11,714.60 at the opening bell.

70 Replies 6 👍 9 🔥

BE
@Benzi #BTC-ECHO
recently

wie findet ihr das Projekt Holoride (RIDE)

50 Replies 10 👍 7 🔥

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@EricV #ivtrades
recently

love the ride with $LCID

108 Replies 7 👍 13 🔥

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@licinius #droscrew
recently

It will be an uncomfortable ride i am sure, but big payouts dont often happen with no discomfort.

71 Replies 12 👍 13 🔥

profile
@Mazi_P #PlutoTraders
recently

LETS RIDE THE WAVE

146 Replies 7 👍 6 🔥

profile
@Mazi_P #PlutoTraders
recently

LETS RIDE THE WAVE

146 Replies 9 👍 13 🔥

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@dros #droscrew
recently

what a ride that one has had eh

46 Replies 9 👍 9 🔥

MR
@MrCable44 #FOREX
recently

5R - let it RIDE!

87 Replies 6 👍 13 🔥

profile
@dros #droscrew
recently

you too! > @scottzman said: headed for my bike ride, enjoy your afternoon

123 Replies 8 👍 12 🔥

SC
@scottzman #droscrew
recently

headed for my bike ride, enjoy your afternoon

71 Replies 11 👍 10 🔥

profile
@MidasTech #FOREX
recently

if wider SL, you would have enjoy the ride of 80 pips

64 Replies 11 👍 11 🔥

profile
@MidasTech #FOREX
recently

let's ride again

133 Replies 14 👍 10 🔥

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@Kinglou007 #PlutoTraders
recently

ride the wave !

93 Replies 12 👍 9 🔥

SC
@scottz #droscrew
recently

the fed game/plan as always is to crush the market then ride in and save it till the next phase...wash, rinse, repeat nothing changes

58 Replies 6 👍 13 🔥

profile
@licinius #droscrew
recently

ummm it could make for a wild ride

123 Replies 9 👍 7 🔥

profile
@Atlas #Emporos Research
recently

is going to be a smooth ride when imax hits 1,000% gain

60 Replies 13 👍 6 🔥

profile
@licinius #droscrew
recently

agree scottz ... NOT SURE WHAT HAPPENS NEXT THIS YEAR...ALL THAT $SH GOT WE SHORT THE INDICES.... but not sure how far to ride my luck

51 Replies 12 👍 7 🔥

profile
@Mazi_P #PlutoTraders
recently

RIDE THE WAVE

86 Replies 15 👍 11 🔥

profile
@Mazi_P #PlutoTraders
recently

LETS CRUSH THIS WEEK AND RIDE THIS WAVE

50 Replies 6 👍 13 🔥

FA
@fabi #vpatraders
recently

first hour after rate news was very messy but now its a pleasure to ride 😁

124 Replies 13 👍 11 🔥

profile
@Mazi_P #PlutoTraders
recently

RIDE THE WAVE BACK TO 167

41 Replies 14 👍 14 🔥

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@thegiz18 #ivtrades
recently

Today was my first day and one trade triggered and hit target in 35 minutes on $AMD put, if you followed the recommended Nov expiry and exited at target you would have had a 5%+ profit, if you let it ride longer it went up to as much as 18% gain. If you played the riskier tomorrow expiry (which I did since it was just going to be a day trade) exiting at target would have been a 20%+ profit and it ran up to as much as 74% before reversing. So I would say the entry signal was excellent on this trade, but certainly all won't work out that way.

59 Replies 10 👍 10 🔥

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@thegiz18 #ivtrades
recently

Day trading is not for small accounts, if your trading system has 70% losers, you need a new plan. If you manage your stops to keep the trades that go against you small, relative to letting the winners run when the trades go in your favor, you can be profitable with 40% wins and 60% losers, if you can be right over 50% of the time, you can enjoy a good living. The dollars made on the average winning trade should be double the dollars lost on the average losing trade. If you take small gains off the table because you can't go broke taking a profit, and let your losing trades ride believing they will come back, you are on a road to ruins.

64 Replies 10 👍 15 🔥

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@licinius #droscrew
recently

ummm i wouldnt be surprised to see a fairly big retrace either to be honest..... this going to be a roller coaster ride

132 Replies 10 👍 14 🔥

CH
@charliechore #FOREX
recently

anyone had a look at gold? looks bullish short term but bearish for the next week or two. definitely oversold and on the hourly. going to ride that up a little bit and then short it for the next week or so

141 Replies 11 👍 11 🔥

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@Mazi_P #PlutoTraders
recently

THEN RIDE WAVE DOWN AGAIN TO 0.96250

67 Replies 15 👍 10 🔥

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@Mazi_P #PlutoTraders
recently

TP AT 0.96800 AND RIDE ANOTHER WAVE TO 0.96250

40 Replies 7 👍 15 🔥

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@Mazi_P #PlutoTraders
recently

THEN RIDE ANOTHER WAVE DOWN TO 0.96250

77 Replies 15 👍 8 🔥

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@Mazi_P #PlutoTraders
recently

AND REMEMBER I REMAINED PATIENT, I TOLD U GUYS LAST WEEK IM WAITING FOR THIS SETUP TO ACTIVATE, SO WE CAN RIDE THE WAVE DOWN

145 Replies 8 👍 7 🔥

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@Mazi_P #PlutoTraders
recently

SOME OF YOU CAN DO THIS AS WELL OR RIDE THE WAVE

60 Replies 14 👍 10 🔥

profile
@Mazi_P #PlutoTraders
recently

SO EVEN WHEN WE DIP, WE EITHER TAKE A SMALL LOSS OR RIDE THE DIP BACK UP TO PROFIT

50 Replies 12 👍 14 🔥

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@Mazi_P #PlutoTraders
recently

WHEN ITS HITS MY ZONE WE GONNA RIDE THE NEXT LEG BACK DOWN

59 Replies 11 👍 13 🔥

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@Mazi_P #PlutoTraders
recently

IM GOING FOR TP2..,. AFTER WE HIT TP2 WE GONNA RESET EURUSD, WAIT FOR CORRECTION AND RIDE THE WAVE BACK DOWN... TP2 IS MAX DOWNTREND LEVEL

137 Replies 8 👍 7 🔥

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@EmporosAdmin #Emporos Research
recently

ride more xrp and jump in some bitcorn

139 Replies 13 👍 11 🔥

SO
@soheil.n #StockTraders.NET
recently

will rather stop out early and re-enter than let it ride further out

108 Replies 12 👍 13 🔥

Key Metrics

Market Cap

229.99 M

Beta

1.76

Avg. Volume

2.90 M

Shares Outstanding

216.98 M

Yield

0%

Public Float

0

Next Earnings Date

Next Dividend Date

Company Information

Lordstown Motors Corp. is an Ohio-based original equipment manufacturer of light duty fleet vehicles, founded by CEO Steve Burns with the purpose of transforming Ohio's Mahoning Valley and Lordstown, Ohio, into the epicenter of electric-vehicle manufacturing. The company owns the 785 acre, 6.2 million square foot Lordstown Assembly Plant where it plans to build the Lordstown Endurance, believed to be the world's first full-size,all-electric pickup truck designed to serve the commercial fleet market.

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