Fisker’s stock rockets22 Jan 2024 19:39
This is good for us & Magna !
Fisker’s stock rockets toward biggest gain in 3 years after investor agreement.
Last Updated: Jan. 22, 2024 at 10:48 a.m. ET
First Published: Jan. 22, 2024 at 8:29 a.m. ET
By Tomi Kilgore
EV maker’s stock heads for first gain in 2024, after many previous bounce attempts failed!
Shares of Fisker Inc. skyrocketed Monday toward their first gain this year, after the troubled electric-vehicle maker disclosed an agreement with an institutional investor that will free up cash to run the company.
The rally puts the stock on track for its first gain of 2024.
“I am pleased that we were able to reach an agreement with one of our investors that will provide increased flexibility and better position us to execute on potential strategic business deals,” said Chief Executive Henrik Fisker.
The stock FSR soared 30.5% in morning trading, toward its biggest one-day gain since it ran up 32.1% on Feb. 26, 2021. The rally puts the stock on track to snap a seven-session losing streak, which would be the longest since the 10-day losing streak that ended Jan. 27, 2022.