EV start-up Lordstown Motors hits 52-week low after shareholder meeting


The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.

Matthew Hatcher | Bloomberg | Getty Images

Lordstown Motors’ stock hit a new 52-week low Thursday, dropping below $5 a share for the first time ever, following an annual shareholder meeting that lasted about 10 minutes.

Shares of the embattled electric vehicle start-up were down by as much as 5.5% immediately following the noon meeting, before dropping further during trading early afternoon to $4.92 a share, down 6.6%. The stock is down about 75% in 2021. The shares rebounded somewhat in afternoon trading

A company spokeswoman confirmed…


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