Upstart EV company Lordstown Motors (RIDE) has been on a very bumpy ride this year. Indeed, shares of this pre-revenue EV play have bounced around in a seriously volatile fashion this year. There are a number of factors that have driven this volatility, which will be explained below. However, the real question with RIDE stock for many investors is: can a stake in Lordstown be justified today as a conservative long-term investment? (See Lordstown Motors stock charts on TipRanks) Let’s take a look at why serious investors may want to exhibit caution with this stock right now.
https://www.tipranks.com/news/article/is-the-ride-over-for-ride-stock
Lordstown Motors (NASDAQ:RIDE)
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From Aug 2021 to Sep 2021 Click Here for more Lordstown Motors Charts.
Lordstown Motors (NASDAQ:RIDE)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Lordstown Motors Charts.