Fisker Inc Ordinary Shares - Class A 주식 (OTC: FSRN)

에 대한 최신 뉴스 Fisker Inc Ordinary Shares - Class A (OTC:FSRN) 주식

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한때 시장의 사랑을 받았던 전기 자동차 제조업체 피스커(OTCPK:FSRN)가 월요일에 파산 신청을 했다. 피스커의 파산은 엇갈린 신호에 직면한 전기차(EV) 시장에 무엇을 의미할까? 사건의 전말 (What Happened): 간단히 말해서, 피스커는 손실을 냈다. 캘리포니아 맨해튼 해변에 본사를 둔 이 회사는 상당한 현금 흐름과 제조 문제를 안고 있었다. 높은 비용이 낮은 소비자 수요를 덮어버렸기 때문에 결코 수익성에 가까워지지 않았다.

피스커의 파산으로 투자자들은 전기차업체의 생존 가능성에 대해 어려운 질문을 제기

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더 넓은 시장이 사상 최고치에 근접하며 마감했음에도 불구하고 전기 자동차(EV) 주식은 6월 14일에 끝난 주에 대부분 하락했다. 테슬라(NASDAQ:TSLA)는 지난주 목요일 연례 주주총회에서 주목을 받았다. 이 주에는 영국의 EV 스타트업 어라이벌(OTC:ARVLF)도 파산 신청을 확인했다.

주간 주요 전기차 뉴스: 테슬라의 연례 주총, 피스커의 리콜, 워크호스의 주식 역분할 등

전기 자동차 주가는 5월 31일로 끝나는 주를 혼조세로 마감했으며, 시장 선두주자인 테슬라(NASDAQ:TSLA)는 소폭의 하락했다. 일부 약한 경제 지표 발표로 인한 부진한 시장 분위기가 부분적으로 약세에 영향을 미쳤다. 전기차 업계에서 벌어진 주간 주요 이슈들:

주간 주요 전기차 뉴스: 테슬라, 리비안, 피스커, 패러데이 퓨처, 루시드 그룹

Fisker Inc Ordinary Shares - Class A

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Updated Electoral Vote Count As Of 8:53 p.m. ET: AP Projects Trump With 101 Electoral Votes, Harris With 71 Electoral Votes

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AP Reports Florida Voters Reject Cannabis Legalization; Amendment 3 Did Not Secure 60% Of Vote

As the presidential election between Donald Trump and Kamala Harris comes to its final leg, shares of&nbsp;Trump Media &amp; Technology Group Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) experienced a significant surge.
What Happened: The substantial increase in Trump Media&#8217;s stock is driven by the ongoing&nbsp;U.S. elections and the <a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">third-quarter financial results</a>.
At the time of writing, the after-hours trading volume for the stock stood at 21.9 million, according to Nasdaq data. The after-hours high for the stock was $49.78, while the low was at $31.12.
Notably, the <a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">heightened volatility</a> in the shares led to trading being halted twice on Tuesday.
Both Trump and Harris have <a href="https://www.benzinga.com/news/24/11/41762845/trump-wins-kentucky-indiana-harris-scores-vermont-as-polls-begin-to-close-across-us">achieved early victories in traditionally</a>&nbsp;Republican and Democratic states, respectively.&nbsp;Trump prevailed in Kentucky, West Virginia, and Indiana, while Harris secured Vermont.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41712755/jim-cramer-recommends-buying-this-tech-stock-that-is-a-terrific-situation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Recommends Buying This Tech Stock: &#8216;That Is A Terrific Situation&#8217;</a>
In Kentucky, with 34% of the votes counted, Trump leads with 64.6%. In Indiana, where 24% of the vote has been counted, he holds 64%. Meanwhile, in Vermont, with 20% of votes tallied, Harris is ahead with 69%.
If Harris, 60, is elected, she would make history as the first female president, the first Black woman, and the first&nbsp;person of South Asian descent&nbsp;to hold the office.
Similarly, if Trump, 78, wins he would become the oldest president ever elected and the first president to win another term after a defeat in 132 years.
Traders are viewing Trump's stock as a barometer for his chances in the upcoming election. Should Trump secure victory, his platform, Truth Social, is anticipated to be central to his communication strategy.
A win by Vice President Harris might bring challenges to the future of Truth Social.
Why It Matters: Trump Media &amp; Technology Group&#8217;s stock volatility is not only tied to the election but also to its financial performance.
After the markets closed on Tuesday, the company announced third-quarter net sales of $1.01 million, a 6% decrease year-over-year. All of its revenue came from advertising on the Truth Social platform in the quarter.
The company posted a loss of 10 cents per share, an improvement from the 30 cents per share loss recorded in the third quarter of last year.
&#8220;TMTG&#8217;s success depends in part on the popularity of our brand and the reputation and popularity of President Donald J. Trump. The value of TMTG&#8217;s brand may diminish if the popularity of President Donald J. Trump were to suffer,&#8221; said the company while reporting the financial results.
Trump holds an approximately 57% ownership stake in Trump Media.
Price Action: DJT shares wrapped up Tuesday's session with a 1.16% increase, closing at $33.94. However, in after-hours trading, the company&#8217;s shares surged, and at the time of writing, they jumped 10.43% to reach $37.48, according to <a href="https://pro.benzinga.com/">data from Benzinga Pro.</a>
Photo via Shutterstock.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41734592/palantir-trump-media-hims-hers-health-nxp-semiconductors-and-tesla-why-these-5-stocks-are-on-inv?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Palantir, Trump Media, Hims &amp; Hers Health, NXP Semiconductors, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Media Stock Shoots Up Over 10% In After-Market Trading As Ex-President Scores Victories In Kentucky, Indiana And West Virginia

Macro Economic Events

Economics

2024 Presidential Election Polls Close In AR

Updated Electoral Vote Count As Of 8:20 p.m. ET: AP Projects Trump With 95 Electoral Votes, Harris With 35 Electoral Votes

As polls begin to close on the East Coast for the 2024 presidential election, the nation waits to see if Donald Trump or Kamala Harris will secure a historic victory.
Trump has secured Kentucky and Indiana, while Harris has won Vermont, according to the Associated Press. With 34% of votes counted in Kentucky, Trump leads with 64.6%. In Indiana, with 24% of votes counted, Trump holds 64%. Meanwhile, with 20% of Vermont&#8217;s votes tallied, Harris has 69%.
In Kentucky, Trump received the endorsement of Senate GOP Leader Mitch McConnell (R-Ky.) despite their previous differences over the Jan.6 Capitol Riots, noted AP.
Vermont is considered a Democrat stronghold and the state&#8217;s Republican Governor Phil Scott voted Democrat in this election, according to the report.
Trump&#8217;s former Vice President and former Indiana Governor Mike Pence <a href="https://www.benzinga.com/news/24/03/37764902/no-surprise-former-trump-ally-refuses-to-endorse-ex-president-in-2024-cites-differences-in-conservat">did not endorse</a> him in the 2024 run but the Hoosier State is a reliable GOP stronghold where the party has held the governor&#8217;s office for the past two decades.
West Virginia voted for Trump for the third straight presidential election cycle as well. No democrat has won the presidential election in the state since Bill Clinton in 1996, according to AP.
Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41760961/djt-stock-volatile-on-election-day-donald-trumps-media-company-reports-q3-earnings-growth-initiativ">DJT Stock Volatile On Election Day: Donald Trump&#8217;s Media Company Reports Q3 Earnings, Growth Initiatives</a></li>
</ul>
Image via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Trump Wins Kentucky, Indiana — Harris Scores Vermont As Polls Begin To Close Across US

<h3 class="wp-block-heading">STOCKS RISES STEADILY ASTER SIGNAL</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="690" height="879" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/05213424/Screen-Shot-2024-11-05-at-4.38.22-PM.png" alt="" class="wp-image-3000" style="width:auto;height:420px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/05213424/Screen-Shot-2024-11-05-at-4.38.22-PM.png 690w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/05213424/Screen-Shot-2024-11-05-at-4.38.22-PM-235x300.png 235w" sizes="(max-width: 690px) 100vw, 690px" /></figure>
Atlassian Corp. (Team) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:44 AM on November 5th, a significant trading signal occurred for Atlassian Corp (Team) as it demonstrated a Power Inflow at a price of $215.68 This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Atlassian&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Atlassian&#8217;s stock price, interpreting this event as a bullish sign.
<h3 class="wp-block-heading">Signal description</h3>
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for TEAM, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
<h3 class="wp-block-heading">After Market Close UPDATE:</h3>
The price at the time of the Power Inflow was $215.68. The returns on the High price ($222.29) and Close price ($221.54) after the Power Inflow were respectively 3.0% and 2.3%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case the high of the day and close were very close but that is not always the case
<h4 class="wp-block-heading">Past Performance Is Not Indicative Of Future Results</h4>

Signals

TRADEPULSE POWER INFLOW ALERT: ATLASSIAN CORP. CLASS A, TEAM,RECEIVES ALERT AND CLIMBS OVER 3% ON THE DAY.

Movers

S&P Futures Move Higher On Volume

Devon Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) reported financial results for the third quarter after the bell on Tuesday. Here&#8217;s a look at the <a href="https://www.benzinga.com/pressreleases/24/11/g41757702/devon-energy-reports-third-quarter-2024-results-and-declares-quarterly-dividend">key metrics from the quarter</a>.
Q3 Earnings: Devon Energy reported third-quarter earnings of $1.30 per share, beating analyst <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $1.14 per share, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Devon said oil production reached 335,000 barrels per day during the quarter, about 4% ahead of the company&#8217;s previous guidance. 
The company said it generated $1.7 billion in operating cash flow and $786 million in free cash flow during the quarter before returning $431 million to shareholders. Devon repurchased $295 million of its common stock in the quarter and declared a fixed quarterly cash dividend of 22 cents per share, payable on Dec. 30 to shareholders of record as of Dec. 13.
&#8220;The Delaware Basin continues to be a great contributor to our success. The exceptional well productivity and cycle time improvements we continue to see in this basin contributed to production volumes surpassing our guidance while keeping capital expenditures below forecasted levels,&#8221; said Rick Muncrief, president and CEO of Devon Energy.
&#8220;Looking ahead to the remainder of 2024 and into 2025, we enhanced the quality and depth of our asset portfolio with the recent acquisition of Grayson Mill Energy. This transaction marks a major milestone, increasing our operating scale and strengthening our outlook for the fourth quarter and beyond.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/41759387/bigbear-ai-stock-drops-after-worse-than-expected-q3-revenue-details">BigBear.ai Stock Drops After Worse-Than-Expected Q3 Revenue: Details</a>
Outlook: Devon raised its production forecast for the fourth quarter to a range of 811,000 to 830,000 barrels of oil equivalent per day. The company now expects the midpoint of its capital requirements to be $950 million in the fourth quarter, which includes $150 million of incremental capital requirements related to the Williston Basin acquisition.
Management will hold a conference call to further discuss these results at 11 a.m. ET on Wednesday. 
DVN Price Action: <a href="http://benzinga.com/quote/dvn">Devon Energy shares</a> initially traded up above the $40.50 level on the report before pulling back. The stock was down 0.23% after hours at $39.25 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Earnings

Guidance

After-Hours Center

Devon Energy Q3 Earnings: EPS Beat, Production Forecast Raise And More

2024 Presidential Election Polls Close In The Following States: OH, NC, WV

Trump Media & Technology Shares Move Higher On Volume Over Past Few Minutes

As the election certification process is underway, House Speaker Mike Johnson (R-La.) has urged for calmness amidst the heightened emotions and misinformation.
What Happened: In response to EWTN News reporter Mark Irons&#8217; query about his role in certifying the election results, affirmed his commitment to uphold the Constitution and ensure a free and fair election, <a href="https://thehill.com/homenews/campaign/4973098-mike-johnson-certifying-election-results-everybody-needs-to-calm-down/">reported</a> The Hill.
Johnson played a pivotal role in the 2020 election, supporting former President Donald Trump&#8217;s challenge against President Joe Biden&#8217;s victory. He was key in formulating the legal argument for contesting Trump&#8217;s defeat, accusing some states of changing voting rules during the COVID-19 pandemic in violation of the Constitution.
See Also: <a href="https://www.benzinga.com/news/24/11/41701311/scaramucci-says-trump-should-be-taken-into-custody-over-alleged-threat-against-liz-cheney?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci Says Trump &#8216;Should Be Taken Into Custody&#8217; Over Alleged Threat Against Liz Cheney</a>
Johnson downplayed claims of attempts to overturn the election results as &#8220;hyperbole and madness&#8221;. He also criticized the media for overreacting to Trump&#8217;s &#8220;secret&#8221; mentioned at his Madison Square Garden rally, which Johnson clarified was a voter mobilization effort, not a hidden agenda.
&#8220;There's just too much emotion, too much misinformation out there. Everybody needs to calm down,&#8221; said Johnson.
Johnson urged citizens to perform their &#8220;civic duty&#8221; and participate in an &#8220;American election&#8221; that will be certified. He expressed confidence in a second Trump term and a Republican-controlled Congress, stating the election will be &#8220;too big to rig&#8221;.
&#8220;I think President Trump's going to win today and I think we're going to win the Senate and the House, so we're excited,&#8221; said the House Speaker.
At the time of writing, polls were beginning to close across the U.S. with AP declaring Indian, Kentucky for Trump, and Vermont for Kamala Harris.
Why It Matters: Johnson&#8217;s call for calm comes amidst a backdrop of a <a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-">closely contested</a> 2024 U.S. presidential election between Vice President Harris and former President Trump. As per a Benzinga report, the election remains one of the closest in history, with a tight race expected between the two candidates.
Several election-related legal battles have <a href="https://www.benzinga.com/government/24/11/41761179/supreme-court-could-step-in-if-2024-election-remains-deadlocked">already reached the Supreme Court</a>, including a decision to allow Virginia&#8217;s removal of over 1,600 voters from its rolls and rulings affecting candidates and voters in battleground states. This has raised concerns over the potential involvement of the U.S. Supreme Court in determining the outcome of the election.
Image via Shutterstock
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Mike Johnson Urges Calm On Result Certification: The Election Is 'Too Big To Rig'

2024 Presidential Election Polls Close In The Following States: GA, IN, KY, SC, VA, VT

Seaport Global analyst Tom Curran initiates coverage on First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Neutral rating.

Initiation

Analyst Ratings

FSLR

Seaport Global Initiates Coverage On First Solar with Neutral Rating

Scotiabank analyst Greg Harrison maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Sector Perform and raises the price target from $480 to $486.

Price Target

VRTX

Scotiabank Maintains Sector Perform on Vertex Pharmaceuticals, Raises Price Target to $486

Scotiabank analyst Greg Harrison maintains Disc Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) with a Sector Outperform and raises the price target from $62 to $70.

IRON

Scotiabank Maintains Sector Outperform on Disc Medicine, Raises Price Target to $70

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $55.5 to $59.5.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $59.5

Scotiabank analyst Andres Coello maintains TIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIMB#NYSE">TIMB</a>) with a Sector Outperform and lowers the price target from $24.8 to $23.2.

TIMB

Scotiabank Maintains Sector Outperform on TIM, Lowers Price Target to $23.2

Scotiabank analyst Maher Yaghi maintains BCE (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BCE#TSX">BCE</a>) with a Sector Perform and lowers the price target from C$50.5 to C$47.5.

TSX:BCE

Scotiabank Maintains Sector Perform on BCE, Lowers Price Target to C$47.5

Citigroup analyst Christopher Danely maintains GLOBALFOUNDRIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) with a Neutral and lowers the price target from $45 to $40.

Citigroup Maintains Neutral on GLOBALFOUNDRIES, Lowers Price Target to $40

It has happened at last. Electric vehicle maker Fisker (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSRN#OTC">FSRN</a>) has filed for bankruptcy after a series of setbacks. The company is in talks with...

EV Maker Fisker Files for Bankruptcy

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Fisker (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>) filed for Chapter 11 bankruptcy protection in Delaware. It plans to <a href="https://www.cnbc.com/2024/06/18/ev-startup-fisker-files-for-bankruptcy-aims-to-sell-assets.html">sell its assets and restructure its debt</a>. 



The electric vehicle (EV) company made a luxury EV for a market that was quickly moving on to lower-priced merchandise.



Fisker stock was selling early on June 18 at 2.6 cents per share, the market capitalization below $22 million. That&rsquo;s factoring in a 42% drop in pre-market trading.



<h2>End of the Road?</h2>



Fisker is the second failed car start-up for founder <a href="https://en.wikipedia.org/wiki/Henrik_Fisker">Henrik Fisker</a>, a Danish engineer known for designing luxury cars. His first effort, Fisker Motors, went under <a href="https://www.nytimes.com/2013/04/24/business/fisker-broke-down-on-the-road-to-electric-cars.html">in 2013</a>. It got a $509 million federal loan in 2009 to make the Karma, a hybrid sports sedan.



The latest Fisker completed a merger with special purpose acquisition company (SPAC) Spartan Energy in 2020, <a href="https://investorplace.com/2020/11/does-a-billion-in-spaq-cash-make-fsr-stock-any-less-speculative/">raising $1 billion</a>. The cash was meant for the Ocean, an electric SUV. &nbsp;<a href="https://investorplace.com/2020/12/stay-away-from-tesla-copying-fisker-stock/">I compared it to Tucker, a fictional car company</a> that became a movie starring Jeff Bridges.



By 2021, I wrote Fisker stock was pure speculation, urging investors <a href="https://investorplace.com/2021/04/fisker-stock-at-this-point-is-real-speculation-not-just-paper/">not to put anything into it</a> they couldn&rsquo;t afford to lose. At the time, Fisker stock was trading at $14 per share and had a market cap of $4.29 billion.



Ocean production <a href="https://investorplace.com/2022/11/fisker-fsr-stock-pops-on-launch-of-ocean-suv-production/">began in 2022</a> through Magna International (NYSE:<a href="https://investorplace.com/stock-quotes/mga-stock-quote/">MGA</a>), a contract manufacturer. At the time, Fisker claimed it had a lower-cost model called <a href="https://investors.fiskerinc.com/news/news-details/2022/Fisker-and-Foxconn-Confirm-Fisker-PEAR-Production-in-Ohio/default.aspx">the Pear</a> that would be made by Foxconn (OTMKTS:<a href="https://investorplace.com/stock-quotes/hnhpf-stock-quote/">HNHPF</a>) in Ohio starting in 2024.



In late 2023, Henrik Fisker called reports of problems <a href="https://investorplace.com/2023/12/ceo-henrik-fisker-addresses-fsr-stock-declines/">&ldquo;overblown.&rdquo;</a> The company set plans to sell its remaining 2023 inventory <a href="https://investorplace.com/2024/01/fsr-stock-alert-fisker-plans-to-deliver-unsold-2023-vehicles-asap/">in January</a>. It announced a dealership strategy to move the cars <a href="https://investorplace.com/2024/02/fsr-stock-alert-fisker-is-expanding-its-dealership-strategy/">in February</a>.



<h2>Fisker Stock: What Happens Next?</h2>



This seems to be the end of the road for Fisker. Competing in the car business takes enormous amounts of capital. The game has moved to low-cost vehicles produced in mass quantities.



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;Penny Stocks &mdash; <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>&nbsp;



On the date of publication, Dana Blankenhorn did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div><a href="http://www.danablankenhorn.com/">Dana Blankenhorn</a> has been a financial and technology journalist since 1978. He is the author of <a href="https://www.amazon.com/Technologys-Big-Bang-Yesterday-Tomorrow-ebook/dp/B0829C7XSF">Technology&rsquo;s Big Bang: Yesterday, Today and Tomorrow with Moore&rsquo;s Law</a>, available at the Amazon Kindle store. Tweet him at <a href="http://www.twitter.com/danablankenhorn">@danablankenhorn</a>, connect with him on <a href="https://journa.host/@DanaBlankenhorn"> Mastodon</a> or subscribe to his <a href="https://danafblankenhorn.substack.com/">Substack</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/06/fisker-stock-alert-fisker-files-for-ch-11-bankruptcy/">Fisker Stock Alert: Fisker Files for Ch. 11 Bankruptcy</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Silk Road Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/silk-stock-quote/">SILK</a>) stock is on the rise Tuesday after the medical device company <a href="https://finance.yahoo.com/news/silk-road-medical-announces-definitive-110000096.html">announced an acquisition deal</a> with Boston Scientific (NYSE:<a href="https://investorplace.com/stock-quotes/bsx-stock-quote/">BSX</a>).



This deal has Boston Scientific agreeing to acquire shares of SILK stock for $27.50 each in cash. That&rsquo;s a 26.9% premium over the stock&rsquo;s previous closing price. It&rsquo;s also a 38% premium to the shares&rsquo; volume-weighted average share price over the last 60 days.



The acquisition offer from Boston Scientific also has a total value of $1.26 billion. It also has unanimous approval from the Silk Road Medical board of directors. For the record, the company&rsquo;s market capitalization is $1.062 billion.



Now the deal just needs approval from SILK shareholders regulators. If that goes well, the two companies expect the acquisition to close in the second half of 2024.



<h2>How This Affects SILK Stock Today</h2>



News of the acquisition brings with it heavy trading of SILK shares on Tuesday. This has more than 5.2 million shares changing hands as of this writing. That&rsquo;s well above its daily average trading volume of about 579,000 shares.



SILK stock is up 24.1% as of Tuesday morning! The stock is also up 120.7% since the start of the year.



There are plenty of other stock market stories traders will want to read about below!



InvestorPlace is home to all of the hottest stock market news for Tuesday! Among that is what has shares of Fisker&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>), AMC Entertainment&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) and Quantum&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/qmco-stock-quote/">QMCO</a>) stock on the move today. All of that info is ready at the following links!



<h2>More Tuesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/fisker-stock-alert-fisker-files-for-ch-11-bankruptcy/">Fisker Stock Alert: Fisker Files for Ch. 11 Bankruptcy</a></li>



<li><a href="https://investorplace.com/2024/06/trade-of-the-day-take-a-short-term-gamble-on-amc-entertainment-amc-stock/">Trade of the Day: Take a Short-Term Gamble on AMC Entertainment (AMC) Stock</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-quantum-qmco-stock-down-32-today/">Why Is Quantum (QMCO) Stock Down 32% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-silk-road-medical-silk-stock-up-24-today/">Why Is Silk Road Medical (SILK) Stock Up 24% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Chegg&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>) layoffs are a hot topic on Tuesday after the direct-to-student learning platform operator <a href="https://finance.yahoo.com/news/chegg-announces-restructuring-plan-vision-203500268.html">announced a restructuring plan</a>.



The Chegg&nbsp;layoffs will have the company cutting 23% of its global workforce. that comes to 441&nbsp;of its employees. It anticipates that this will result in annual savings between $40 million to $50 million by 2025.



As part of these layoffs, Chegg will be closing down two of its offices in the U.S. The company also expects to suffer charges of $10 million to $14 million connected to the closings and job cuts. It expects most of these charges to occur in the fourth quarter of 2024.



Chegg Chief Financial Officer David Longo said this about the layoffs.




&ldquo;This action today delivers on our promise to better align our expense base with our current revenue trends. For 2025, we remain committed to our goal of 30%+ Adjusted EBITDA margin, and we believe we can deliver at least $100 million in Free Cash Flow. We are also reiterating our previous second-quarter guidance that we provided on April 29, 2024.&rdquo;




<h2>What&rsquo;s Behind the Chegg Layoffs?</h2>



Chegg is cutting jobs as it is <a href="https://www.investing.com/news/stock-market-news/chegg-surges-20-in-afterhours-trade-announces-restructuring-plan-layoffs-3487802">experiencing increasing competition</a> from artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) chatbots such as ChatGPT. The company previously warned that the rise in these AIs would harm its subscriber growth.



CHGG stock is up 15.7% as of Tuesday morning but is down 71.8% year-to-date.



Investors looking for more of the most recent stock market stories are in luck!



We have all of the hottest stock market news on Tuesday! A few examples include what&rsquo;s going on with shares of NextEra Energy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/">NEE</a>), Silk Road Medical&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/silk-stock-quote/">SILK</a>) and Fisker&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>) stock today. All of that news is available at the links below!



<h2>More Stock Market News for Tuesday</h2>



<ul><li><a href="https://investorplace.com/2024/06/nee-stock-the-2-billion-reason-nextera-energy-is-stumbling-today/">NEE Stock: The $2 Billion Reason NextEra Energy Is Stumbling Today</a></li>



<li><a href="https://investorplace.com/2024/06/why-is-silk-road-medical-silk-stock-up-24-today/">Why Is Silk Road Medical (SILK) Stock Up 24% Today?</a></li>



<li><a href="https://investorplace.com/2024/06/fisker-stock-alert-fisker-files-for-ch-11-bankruptcy/">Fisker Stock Alert: Fisker Files for Ch. 11 Bankruptcy</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Fisker (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>) stock is falling hard on Tuesday after the electric vehicle (EV) company <a href="https://finance.yahoo.com/news/fisker-group-inc-files-chapter-062400106.html">filed for Chapter 11 bankruptcy protection</a>.



Fisker notes that it is seeking discussions with financial stakeholders concerning debtor-in-possession financing as a result of its bankruptcy filing. The company is also considering the sale of its assets.



On top of this, Fisker says its manufacturing halt will remain in place throughout the bankruptcy. The company is also seeking permission to continue its reduced operations. That includes ongoing pay and benefits for employees, as well as maintaining customer programs and paying vendors.



A Fisker spokesperson said the following in the bankruptcy news release.




&ldquo;Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently. After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company.&rdquo;




<h2>What This Means for FSRN Stock</h2>



While Fisker has brought in Huron Consulting Group as its restructuring advisor, the fate of the company remains unclear. It has struggled since the launch of its first EV last year. On top of that, Fisker <a href="https://www.cnn.com/2024/06/18/investing/electric-car-maker-fisker-bankruptcy/index.html">ran into troubles</a> that didn&rsquo;t help the situation.



FSRN stock is down 54.5% as of Tuesday morning. This has the shares down 98.8% since the start of the year.



Investors will want to stick around for even more of the most recent stock market stories!



We have all of the latest stock market news worth reading about on Tuesday! Among that is what&rsquo;s going on with shares of Reliance Global&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/reli-stock-quote/">RELI</a>) stock, Zyn&nbsp;online sales being suspended, and a Nvidia&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) lawsuit. You can catch up on all of this news by checking out the links below!



<h2>More Tuesday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/06/why-is-reliance-global-reli-stock-up-283-today/">Why Is Reliance Global (RELI) Stock Up 283% Today?</a></li>



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<li><a href="https://investorplace.com/2024/06/nvda-stock-alert-scotus-will-hear-nvidia-case-over-shareholder-lawsuit/">NVDA Stock Alert: SCOTUS Will Hear Nvidia Case Over Shareholder Lawsuit</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/06/why-is-fisker-fsrn-stock-down-55-today/">Why Is Fisker (FSRN) Stock Down 55% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Fisker bankruptcy weighs on SPAC-funded EV sector

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
After months of bad news and declining share prices, Fisker (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>) may finally be approaching the end of the line. The electric vehicle (EV) producer recently <a href="https://investorplace.com/2024/06/fisker-stock-alert-fisker-files-for-ch-11-bankruptcy/">filed for Chapter 11 bankruptcy</a>, as reported in a company <a href="https://assets.ctfassets.net/cghen8gr8e1n/6W19OiEBJDVIFVEmo4feHA/df902c5cb2b067251a300efb0b35f611/Fisker-Filing-FINAL.pdf">filing</a> yesterday. Now, Fisker stock is falling fast on the news, currently down more than 50% for the day. These declines are likely to continue as the struggling company accelerates its race to the bottom.



After months of <a href="https://investorplace.com/2024/05/fisker-stock-magna-says-production-of-ocean-suvs-is-idle/">production setbacks</a> and significant <a href="https://investorplace.com/2024/06/fisker-stock-alert-ev-startup-defaults-on-3-5-million-loan/">financial problems</a>, among many other things, this news likely surprises no one. Back in May, InvestorPlace contributor Alex Sirois <a href="https://investorplace.com/2024/05/bankruptcy-blunders-3-stocks-to-dump-before-they-go-bust/">described</a> Fisker as &ldquo;of the most disappointing&nbsp;<a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a>&nbsp;of the last few years.&rdquo;



Now that Fisker has officially opted for Chapter 11, investors are more aware than ever that the troubled automaker is careening toward a cliff. But what else should investor know about firm?



Let&rsquo;s take a look at just how bad things really are for Fisker.



<h2>Fisker Stock: What to Know</h2>



<ul><li>This bankruptcy filing follows news that Fisker has halted production on its Ocean SUV, its only current model.</li>



<li>Fisker&rsquo;s statement highlights that it is in &ldquo;advanced discussions with financial stakeholders regarding debtor-in-possession financing.&rdquo;</li>



<li>The company has also revealed that it is considering selling off its assets.</li>



<li>This isn&rsquo;t the first time a company called Fisker has filed for bankruptcy. CEO Henrik Fisker&rsquo;s previous endeavor, Fisker Automotive, <a href="https://www.bloomberg.com/news/articles/2013-11-22/fisker-files-for-bankruptcy-with-plan-to-sell-assets?sref=0N1JmzAH">opted for Chapter 11</a> in November 2013.</li>



<li>As InvestorPlace contributor William White reports, Fisker has <a href="https://investorplace.com/2024/06/why-is-fisker-fsrn-stock-down-55-today/">confirmed</a> that &ldquo;its manufacturing halt will remain in place throughout the bankruptcy.&rdquo;</li>



<li>CEO Henrik Fisker&nbsp;is<a href="https://investorplace.com/2024/06/dear-fisker-stock-fans-mark-your-calendars-for-june-20/"> scheduled to appear</a> at the Economic Times Autotech Summit on June 20. But with the bankruptcy news, the event is unlikely to do much for Fisker stock.</li>



<li>Several other microcap EV penny stocks are <a href="https://investorplace.com/2024/05/fisker-is-careening-toward-a-cliff-these-ev-stocks-could-follow-it-off/">poised to follow</a> Fisker&rsquo;s lead into bankruptcy, including Faraday Future Intelligent Electric (NASDAQ:<a href="https://investorplace.com/stock-quotes/ffie-stock-quote/">FFIE</a>) and Mullen Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/muln-stock-quote/">MULN</a>).</li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</a>



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>. 
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/06/fisker-stock-7-things-to-know-as-fisker-files-for-bankruptcy/">Fisker Stock: 7 Things to Know as Fisker Files for Bankruptcy</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Fisker Stock: 7 Things to Know as Fisker Files for Bankruptcy

Fisker's U.S. units file for bankruptcy

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Following the disastrous launch of its Ocean SUV, which resulted in a multitude of customer complaints, Fisker (OTCMKTS:<a href="https://investorplace.com/stock-quotes/fsrn-stock-quote/">FSRN</a>) has filed for <a href="https://assets.ctfassets.net/cghen8gr8e1n/6W19OiEBJDVIFVEmo4feHA/df902c5cb2b067251a300efb0b35f611/Fisker-Filing-FINAL.pdf">Chapter 11 bankruptcy protection</a>. The news shouldn&rsquo;t come as a major surprise, as Fisker was removed from the New York Stock Exchange earlier this year before <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001720990/28e28bf6-af02-49b7-8dfc-8cca40c768fd.pdf">defaulting</a> on its debt.



&ldquo;But like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to continue operating efficiently,&rdquo; said a Fisker spokesperson. Now, the company is holding advanced discussions with its stakeholders concerning possession financing.



However, Lucid (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) seems to be taking advantage of Fisker&rsquo;s woes and the name of its flagship vehicle. According to Electrek, the pure-play EV company submitted a <a href="https://electrek.co/2024/06/19/lucid-ocean-fisker-bankrupt-ev-automaker-trademark-filing/">trademark filing</a> to the United States Patent and Trademark Office (USPTO) for the &ldquo;Lucid Ocean&rdquo; vehicle name.



<h2>LCID Stock: Lucid Motors Files for Ocean Trademark</h2>



Lucid has positioned its vehicle names with nature themes, such as its Air and upcoming Gravity SUV. At the same time, Lucid filing an Ocean trademark submission doesn&rsquo;t guarantee that a future vehicle will carry that name. 



Its past submissions include &ldquo;Air 1&rdquo; and &ldquo;Palos,&rdquo; while Lucid currently doesn&rsquo;t sell any vehicles with these names. Active submissions from the company include &ldquo;Earth,&rdquo; &ldquo;Earth Dream Edition,&rdquo; and &ldquo;Air Cross.&rdquo;



&ldquo;While the application awaits examination, it&rsquo;s important to point out that this filing could just be Lucid covering all of its bases on the potential nomenclature of new models,&rdquo; wrote Electrek. &ldquo;There&rsquo;s a very strong chance we will never see a BEV from Lucid called the Ocean.&rdquo;



So, while the Ocean name certainly fits with Lucid&rsquo;s narrative, it&rsquo;s likely that the company is just snatching up potential names before it makes a final decision. 



As of now, the company has plans for a new mid-size SUV launch in 2026 in the $50,000 range. Production of the vehicle, which doesn&rsquo;t have a publicized name yet, is planned for late 2026. Furthermore, the vehicle will be built at Lucid&rsquo;s AMP-2 factory in Saudi Arabia.



On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace&rsquo;s Today&rsquo;s Market team, which centers on the latest news involving popular stocks.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/06/lcid-stock-alert-lucid-motors-files-for-ocean-trademark/">LCID Stock Alert: Lucid Motors Files for Ocean Trademark</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LCID Stock Alert: Lucid Motors Files for Ocean Trademark

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