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California-based Fisker, which listed via a SPAC in 2020, received a notice from the New York Stock Exchange for non-compliance as its stock closed at under $1 on average for 30 trading days ...
Michaeli downgraded the stock to Neutral/High Risk (equivalent of a Hold) and cut his price target to $.80 from $4. In Q4, Fisker reported revenue of $200.1 million, missing Bloomberg consensus ...
Fisker received a warning from NYSE because of its low stock value in February. On Monday, within a month of the previous notice, the company was delisted from the world’s biggest stock exchange.
March 26, 2024 at 5:01 PM. ... and it sent Fisker’s stock price plunging after its release. ... For more CNN news and newsletters create an account at CNN.com. Show comments.
On June 28, 2021, Fisker stock was added to the Russell 3000 Index. [34] On July 28, 2021, Fisker announced it would invest $10 million in private investment in public equity funding in an EV charging company. [35] Henrik Fisker announced in 2022 that Fisker Inc. would set up its first India entity, a global technology center, in Hyderabad.
By February 2024, Fisker investors knew they were in trouble. ... Fisker would be delisted from the New York Stock Exchange (NYSE), have the U.S. National Highway Traffic Safety Administration ...
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Shares in Fisker tumbled last week after the group received a non-compliance letter from the NYSE after its share price closed below $1 on average for 30 trading days.