Why Lordstown Motors' Stock Is Sinking Today

·2-min read
Why Lordstown Motors' Stock Is Sinking Today

Shares of Lordstown Motors (NASDAQ: RIDE) were down sharply on Monday morning, after the company said that its CEO and chief financial officer had resigned following an investigation by the board of directors. As of 10:15 a.m. EDT today, Lordstown's shares were down about 20% from Friday's closing price. Lordstown said on Monday morning that CEO Steve Burns and CFO Julio Rodriguez have resigned from the company effective immediately.

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