Lordstown Motors (RIDE) Reports Results Of Special Committee Investigation Of Hindenburg Research Report
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Lordstown Motors (RIDE): CEO and CFO Resign, Presents Results of Investigation Of Hindenburg Research Report
June 14, 2021 8:31 AM EDTElectric truck maker Lordstown Motors Corp. (NASDAQ: RIDE) reported the results of the investigation by the Special Committee of its Board of Directors regarding the Hindenburg Research short report published in March.
In the statement, Hindenburg Research accused Lordstown of making several misstatements about the demand for the companys Endurance pick-up truck, the viability of the technology used in the truck, as well as the truckmakers ability to begin production of Endurance in September this year.
In the report, Hindenburg said it sees Lordstowns plan to start the production of... More