Why Lordstown Motors' Stock Opened Higher Today

Why Lordstown Motors' Stock Opened Higher Today

Shares of electric-pickup start-up Lordstown Motors (NASDAQ: RIDE) opened higher in the company's first post-merger trading session on Monday morning. Lordstown completed its merger with DiamondPeak Holdings (NASDAQ: DPHC), a special-purpose acquisition company, late on Friday. As of 10 a.m. EDT, shares of the newly combined company were up about 10.9% from DiamondPeak's closing price on Friday.