Investment House LLC bought a new stake in shares of Lordstown Motors Corp. (NASDAQ:RIDE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 40,310 shares of the company’s stock, valued at approximately $809,000.
In other Lordstown Motors news, VP Chuan D. Vo sold 7,800 shares of the stock in a transaction that occurred on Monday, December 14th. The stock was sold at an average price of $20.00, for a total transaction of $156,000.00. Following the transaction, the vice president now owns 191,217 shares in the company, valued at $3,824,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Phil Richard Schmidt sold 51,900 shares of the stock in a transaction that occurred on Friday, December 11th. The stock was sold at an average price of $20.29, for a total value of $1,053,051.00. Following the transaction, the president now owns 20,878 shares in the company, valued at approximately $423,614.62. The disclosure for this sale can be found here. Insiders sold 74,700 shares of company stock worth $1,520,301 in the last 90 days.
Several research analysts recently issued reports on RIDE shares. Wolfe Research began coverage on Lordstown Motors in a research report on Wednesday, December 9th. They set an “underperform” rating and a $14.00 target price on the stock. Vertical Research began coverage on Lordstown Motors in a report on Friday, November 20th. They issued a “sell” rating and a $15.00 price objective on the stock. The Goldman Sachs Group began coverage on Lordstown Motors in a report on Friday, December 11th. They issued a “buy” rating and a $31.00 price objective on the stock. Finally, R. F. Lafferty began coverage on Lordstown Motors in a report on Tuesday, December 22nd. They issued a “buy” rating and a $35.00 price objective on the stock.
Lordstown Motors Profile
Lordstown Motors Corp., an automotive company, develops, manufactures, and sells light duty electric trucks targeted for sale to fleet customers. It primarily develops Endurance, an electric full-size pickup truck. Lordstown Motors Corp. was founded in 2019 and is based in Lordstown, Ohio.
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