Daily Stock Ideas – November 11, 2021
Today’s 5 Stock Ideas:
- Tesla (TSLA) – Stock sales by company CEO Elon Musk were disclosed Wednesday evening. The filings showed the sale of over 4.2 million shares by Musk. ARK Invest’s Cathie Wood shrugged off the price decline in Tesla shares amid Musk’s sale, calling the price action “nothing more than a blip.”
- Lordstown Motors (RIDE) – Shares were up 15% Thursday morning following Wednesday evening news the company will sell most of its Lordstown, Ohio facility to Foxconn for about $230 million. The deal excludes certain assets such as the hub motor assembly line and battery module and pack lines.
- Rivian (RIVN) – The largest IPO in nearly a decade launched for trade Wednesday. After pricing at $78, the stock opened at $106.75. On Wednesday, the stock hit a high at $119.45 and closed at $100.73. Shares were up 5% ahead of the open Thursday.
- Luminar Technologies (LAZR) – The company will publish Q3 results Thursday after the market closes.
- Blink Charging (BLNK) – Will report quarterly results after market close Thursday.