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Lordstown Insiders Sold $8M In 3 Days Ahead Of Quarterly Earnings Report

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Several top Lordstown Motors Corp (NASDAQ: RIDE) executives offloaded stakes in February, just weeks before the electric vehicle startup was scheduled to report its first quarterly earnings as a listed company, filings with the U.S. Securities and Exchange Commission show. What Happened: The sell-off by key executives, that include the company’s president, its former chief financial officer, and directors, came in weeks before the company provided a rosy guidance and reiterated plans to begin producing its Endurance electric pickup truck in September as planned, with a plan to build its test vehicles by March.

...read full article on Benzinga

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