Lordstown stock soars more than 30% as Foxconn factory sale goes through
May 11, 2022 at 18:45 PM EDT
Shares of Lordstown Motors Corp. jumped more than 30% in the extended session Wednesday after Lordstown said the deal to sell its factory to Foxconn went through, giving the electric truck maker a much needed cash infusion and the Taiwanese electronics contract maker a toehold in commercial EVs.
