LORDSTOWN MOTORS: MARKET CAP DECLINES TO US$276M | TEAM TIGGIO

LORDSTOWN MOTORS: MARKET CAP DECLINES TO US$276M | TEAM TIGGIO

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Insiders at Lordstown Motors Corp. (NASDAQ:RIDE) sold US$40m worth of stock at an average price of US$1.87 a share over the past year, making the most of their investment. After the stock price dropped 14% last week, the company's market value declined by US$43m, but insiders were able to mitigate their losses.

Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.

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Disclaimer: I am not a financial advisor. This is not financial advice. The words expressed in this video are for entertainment purposes only. Please don't invest in any company that you haven't researched.