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Fisker plunges 28% to an all-time low

4:41 PM 25 March 2024

Fisker (FSR.US), US electric vehicle manufacturer, is plunging over 20% today. Company said that a large automaker with whom it was in talks over a potential transaction has ended negotiations. Company said that it continues to evaluate strategic options.

The announcement reignited 'going concern' fears, which were earlier put aside by announcing talks with large automaker. Stock plunged to an all-time lows today and trades below $0.10 mark.

Source: xStation5

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