Fisker Inc. FSR shares are trading lower on Tuesday. The stock has had a busy month, here’s a look at why.
A Rollercoaster Month for Fisker Stock
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.
A Bumpy Ride to the Mid-December Peak
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 Pulls Back and Hits Another High Note
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.
Volatile Investor Sentiment
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.
Related Link: Why Tyson Stock Is Moving Today
Present 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