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

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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…



Source cnbc.com

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