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Why Fisker Stock Skidded to a 7% Loss Today

TheMotleyFool 
0 0 15.07.23
Why Fisker Stock Skidded to a 7% Loss Today: https://g.foolcdn.com/editorial/images/739920/hand-holding-a-charger-plugged-into-an-electric-vehicle.jpg
 

Electric vehicle (EV) maker Fisker (NYSE: FSR) short-circuited on the market Friday. The company's share price fell by more than 7% on the back of some dispiriting news about financing. That decline was far steeper than the 0.1% fall of the S 500 index on the day. 

In a regulatory filing, Fisker disclosed that it has effectively ended an at-the-market (ATM) issue of its common stock. The EV company said this was due to its terminating of a distribution agreement of those shares with a pair of investment banks, JPMorgan Chase unit J.P. Morgan Securities and . 

The ATM offering was for up to $350 million worth of stock. Fisker said that as of this past Wednesday, July 12, around $23.4 million was still available under the program.

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Source Fool.com

Cowen Group Cl.a Stock

€36.82
-1.030%
A loss of -1.030% shows a downward development for Cowen Group Cl.a.

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