Stocks traded higher Tuesday after consumer confidence in June rose to the highest level since June 2022.
These stocks made moves Tuesday:
Lordstown Motors
(ticker: RIDE), the electric-truck maker, filed for Chapter 11 bankruptcy protection and said it was putting itself up for sale.
Lordstown
also said it filed litigation against
Foxconn,
the Taiwan-based contract-manufacturing company, after a deal for Foxconn to provide the start-up with about $170 million in cash fell through. “Foxconn’s actions led to material damage to the company as well as its future prospects,” Lordstown said in a statement. The stock declined 17% to $2.29.
Read the full article here
