By Nigam Arora & Dr. Natasha Arora
Lordstone Motors (RIDE) has been a troubled EV maker. If it was not for the momo and meme crowds, the stock would have fallen to under $1. The stock is trading at $6.44 as of this writing in the premarket. RIDE has appointed Daniel Ninivaggi as Chief Executive. Ninivaggi is highly connected to financial sources. He is the former CEO of IEP. It is not known if Carl Icahn will make an investment in RIDE.
This is suitable only for super-aggressive investors as RIDE has fallen behind and it may be difficult to catch up. The buy zone is $5. to $6.78. The stop zone is $4.43 to $4.73. The first target zone is $7.68 to $8.37. The second target zone is $8.88 to $11. The maximum recommended quantity is 25% or less based on risk preference of full core position size.
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This post was just published on ZYX Buy Change Alert.
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