Why Fisker Stock Raced Higher This Week
Taking a U-turn from last week's disappointing performance, Fisker (NYSE: FSR) reported impressive news about its 2023 vehicle deliveries this morning. In addition to yesterday's announcement regarding its customer loyalty program, this helped the stock to motor considerably higher during this last week of 2023.
As of the end of trading last Friday, shares of Fisker are up 21.9% as of 11:07 a.m., according to data provided by S&P Global Market Intelligence.
After growing vehicle deliveries by more than 300% from the third quarter to the fourth quarter, Fisker ended 2023 having delivered about 4,700 of its Ocean SUVs. And there seem to be a bunch of vehicles waiting to be placed in customers' hands. Fisker also reported today that it produced 10,142 vehicles in 2023.
Source Fool.com
