Canada markets close in 5 hours 12 minutes
  • S&P/TSX

    18,528.11
    +201.07 (+1.10%)
     
  • S&P 500

    3,701.07
    +46.03 (+1.26%)
     
  • DOW

    29,575.42
    +314.61 (+1.08%)
     
  • CAD/USD

    0.7289
    +0.0008 (+0.11%)
     
  • CRUDE OIL

    79.10
    +2.39 (+3.12%)
     
  • BTC-CAD

    27,705.15
    +1,246.01 (+4.71%)
     
  • CMC Crypto 200

    461.58
    +2.44 (+0.53%)
     
  • GOLD FUTURES

    1,644.10
    +10.70 (+0.66%)
     
  • RUSSELL 2000

    1,683.00
    +27.12 (+1.64%)
     
  • 10-Yr Bond

    3.9470
    +0.0690 (+1.78%)
     
  • NASDAQ

    10,986.08
    +183.16 (+1.70%)
     
  • VOLATILITY

    31.14
    -1.12 (-3.47%)
     
  • FTSE

    7,031.26
    +10.31 (+0.15%)
     
  • NIKKEI 225

    26,571.87
    +140.32 (+0.53%)
     
  • CAD/EUR

    0.7577
    +0.0003 (+0.04%)
     

Why Lordstown Motors Stock Surged 32% This Week

·2 min read

After picking up speed last month, Lordstown Motors (NASDAQ: RIDE) stock accelerated its way into August and rallied a whopping 31.6% at its highest point in trading during the first week, according to data provided by S&P Global Market Intelligence. Lordstown Motors released its second-quarter earnings report on Aug. 4. First, Lordstown Motors didn't generate any revenue during the quarter, and its first operating profit came entirely from the sale of its manufacturing plant.