Fisker Inc. (NYSE:FSR) shares are trading lower on Tuesday. The stock has had a busy month, here’s a look at why.
What To Know: Fisker stock experienced moderate volatility over the past month. In the beginning of December, the company provided a business update which caused the stock to move higher. Fisker stated that it had 123 vehicles either delivered or in transit to customers as of Nov. 30.
The stock rose once again in mid-December, following a dip in price, on news that the company commenced a final over-the-air software update of 2023 for the Fisker Ocean all-electric SUV. Version 1.11 boasted new features and bug fixes, as well as improvements to the ownership experience.
The stock pulled back following the boost and largely remained there until the end of the month at which time Fisker provided a December 2023 business update. The company reported highlights which included the growth of deliveries by more than 300% between the third and fourth quarters.
Shares jumped on the news but sold off from the strength on Tuesday.
Over the past month, Fisker stock has received several price target changes as well, ranging from $1 to $4.
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FSR Price Action: Shares of Fisker were down 5.43% at $1.65 at the time of publication, according to Benzinga Pro.
Image by A. Krebs from Pixabay
