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Why Fisker Stock Finally Bounced on Friday

TheMotleyFool

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Why Fisker Stock Finally Bounced on FridayPhoto, wide shot, wide-angle lens, soft focus, Amusement park, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-9ykfBOFTwqbOHnaukQ2bUqdm.png?st=2023-05-13T13%3A50%3A52Z&se=2023-05-13T15%3A50%3A52Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-12T20%3A43%3A22Z&ske=2023-05-13T20%3A43%3A22Z&sks=b&skv=2021-08-06&sig=G2Gltvd1Lg2exXRILeKuP5%2BTSWMna0SOjxb75jCyrG0%3D

Three straight days of share price declines reversed for Fisker (NYSE: FSR) on Friday, after the electric car start-up announced it will be attending the National Automobile Dealers Association (NADA) Show in Las Vegas next week, and will there "share its plans" for setting up a car dealer network.

Fisker shares rose 8.5% through noon ET in response to the news.

Earlier this month, Fisker announced that it plans to shift from a Tesla-like direct sales model and instead develop a dealer network (of some sort) of its own.

Source Fool.com