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Lordstown Motors Corp Ordinary Shares - Class A (OTC:RIDEQ) Stock, Option Chain

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Lordstown Motors Corp Ordinary Shares - Class A

Evercore ISI Group analyst Cory Kasimov initiates coverage on Edgewise Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) with a Outperform rating and announces Price Target of $45.

Price Target

Initiation

Analyst Ratings

EWTX

Evercore ISI Group Initiates Coverage On Edgewise Therapeutics with Outperform Rating, Announces Price Target of $45

Benchmark analyst Bruce Jackson reiterates VolitionRX (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VNRX#AMEX">VNRX</a>) with a Hold.

Reiteration

VNRX

Benchmark Reiterates Hold on VolitionRX

Benchmark analyst Bruce Jackson reiterates Unicycive Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNCY#NASDAQ">UNCY</a>) with a Speculative Buy and maintains $3 price target.

UNCY

Benchmark Reiterates Speculative Buy on Unicycive Therapeutics, Maintains $3 Price Target

Truist Securities analyst Jamie Cook maintains AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) with a Buy and raises the price target from $119 to $129.

Truist Securities Maintains Buy on AECOM, Raises Price Target to $129

Truist Securities analyst Tobey Sommer maintains ICF International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICFI#NASDAQ">ICFI</a>) with a Hold and lowers the price target from $180 to $140.

ICFI

Truist Securities Maintains Hold on ICF International, Lowers Price Target to $140

Wells Fargo analyst Michael Turrin maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Overweight and raises the price target from $340 to $350.

ADSK

Wells Fargo Maintains Overweight on Autodesk, Raises Price Target to $350

Earnings

MOGU

MOGU H1 2025 EPS RMB(2.76) Up From RMB(4.11) YoY; Revenue RMB61.9M Down From RMB83.3M YoY

Truist Securities analyst Tobey Sommer maintains Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) with a Hold and lowers the price target from $185 to $155.

Truist Securities Maintains Hold on Booz Allen Hamilton, Lowers Price Target to $155

Wells Fargo analyst Aaron Rakers maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Equal-Weight and raises the price target from $135 to $140.

NTAP

Wells Fargo Maintains Equal-Weight on NetApp, Raises Price Target to $140

Truist Securities analyst Tobey Sommer maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Buy and lowers the price target from $205 to $185.

LDOS

Truist Securities Maintains Buy on Leidos Holdings, Lowers Price Target to $185

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues its climb toward $100,000, but traders are adopting cautious approaches to prepare <a href="https://www.benzinga.com/money/bitcoin-price-prediction">for potential corrections</a>.
What Happened: Crypto chart analyst Ali Martinez observed a sell signal on Bitcoin's 4-hour chart, indicating a possible brief correction to $97,085. 
However, a candlestick close above $100,470 could invalidate this bearish setup and push BTC to $102,656 or $104,343.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential presents a sell signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> 4-hour chart, anticipating a brief correction to $97,085! A candlestick close above $100,470 will invalidate the bearish formation and potentially push <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> to $102,656 or $104,343. <a href="https://t.co/WiKQTGYNmJ">pic.twitter.com/WiKQTGYNmJ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1859873122389983779?ref_src=twsrc%5Etfw">November 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In another tweet, Martinez shared his strategy for protecting capital during Bitcoin&#8217;s next bear market. Predicting a peak between $173,779 and $461,862 by October 2025, he suggests:
<ul>
<li>Selling 25% of holdings between $173,000 &#8211; $200,000.</li>
<li>Selling 30% between $200,000 &#8211; $300,000.</li>
<li>Selling another 30% between $300,000 &#8211; $400,000.</li>
<li>Selling the final 15% if BTC surpasses $400,000.</li>
</ul>
Additionally, Martinez advises traders to employ a 15%-20% trailing stop-loss after Bitcoin reaches $170,000. He underscores a strict deadline: "If Oct 2025 hits, sell—no matter what."
Also Read: <a href="https://www.benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: Martinez <a href="https://x.com/ali_charts/status/1859909759945850904">noted</a> that over 65,000 BTC, worth $6.37 billion, have been withdrawn from exchanges in the past 96 hours.
IntoTheBlock data shows large transaction volume increasing by 47.5% and daily active addresses grew by 27.2%. Transactions greater than $100,000 are up from 13,321 to 18,859 in a single day. Exchanges netflows are down by 4.5%.
Lookonchain data <a href="https://x.com/lookonchain/status/1859671734951252362">highlighted</a> the ten Bitcoin ETFs saw a netflow of 8,585, worth $842.7 million, in one day. BlackRock inflows increased by 6,643 BTC, worth $652.08 million, bringing its total to 481,270 BTC.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116183/michael-saylor-predicted-bitcoin-to-hit-13-million-if-it-happens-it-will-entail-massive-hyperinflation-analyst-warns">Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail &#8216;Massive Hyperinflation,&#8217; Analyst Warns</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Zeroes In On $100,000, But This Indicator Signals One More Brief Correction

Truist Securities analyst Tobey Sommer maintains Parsons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSN#NYSE">PSN</a>) with a Buy and lowers the price target from $130 to $110.

Truist Securities Maintains Buy on Parsons, Lowers Price Target to $110

Wells Fargo analyst Andrew Nowinski maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Overweight and raises the price target from $100 to $135.

ESTC

Wells Fargo Maintains Overweight on Elastic, Raises Price Target to $135

Wells Fargo analyst Chris Carey maintains Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) with a Overweight and raises the price target from $188 to $190.

Wells Fargo Maintains Overweight on Procter & Gamble, Raises Price Target to $190

Truist Securities analyst Tobey Sommer maintains CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) with a Buy and lowers the price target from $650 to $550.

CACI

Truist Securities Maintains Buy on CACI International, Lowers Price Target to $550

Wells Fargo analyst Ike Boruchow maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Overweight and raises the price target from $28 to $30.

Wells Fargo Maintains Overweight on Gap, Raises Price Target to $30

Oppenheimer analyst Kristen Owen maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Outperform and raises the price target from $448 to $477.

Oppenheimer Maintains Outperform on Deere, Raises Price Target to $477

Cantor Fitzgerald analyst Kristen Kluska reiterates Codexis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXS#NASDAQ">CDXS</a>) with a Overweight and maintains $11 price target.

CDXS

Cantor Fitzgerald Reiterates Overweight on Codexis, Maintains $11 Price Target

WIIM

LGTY

Logility Supply Chain Solutions shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY25 revenue guidance below estimates.

Oppenheimer analyst Scott Schneeberger maintains Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Outperform and raises the price target from $712 to $722.

INTU

Oppenheimer Maintains Outperform on Intuit, Raises Price Target to $722

CHY: This Convertible Fund Could Be Worth Picking Up If The Price Improves

These Consumer Cyclical stocks are trading higher:-Meiwu Technology Co Ltd (WNW) stock is trading at $6.45, a gain of $1.26, or 24.33%, on average volume.  Meiwu Technology Ltd gets a Sentiment Score of Very Bullish from InvestorsObserver.  -Mondee Holdings Inc (MOND) stock is trading at $2.56, a gain of $0.27, or 11.79%,

Consumer Cyclical Stocks Making Moves Monday: WNW, MOND, VIRC, CHPT, NVVE, RIDEQ, BETS, NXU

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The electric vehicle (EV) market is still recovering from a highly volatile year. 2023 saw many of the sector&rsquo;s leaders battle severe headwinds as macroeconomic conditions pushed <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> down. However, the number of U.S. drivers choosing to go electric still increased. As Cox Automotive <a href="https://www.coxautoinc.com/market-insights/q4-2023-ev-sales/#:~:text=In%202023%2C%20the%20EV%20share,oft%2Dreported%20slowdown%20is%20real.">reports</a>, in 2023, &ldquo;the EV share of the total U.S. vehicle market was 7.6% [&hellip;] up from 5.9% in 2022.&rdquo; Additionally, EV sales finished the year on a high note, setting records for both share and volume. This suggests that the electric vehicle market will continue to grow in 2024. But even if that happens, it doesn&rsquo;t mean all EV stocks are good buys before the market booms again. Last year, InvestorPlace&rsquo;s Luke Lango predicted that the electric vehicle sector would experience a &ldquo;great EV consolidation&rdquo; in which many smaller companies <a href="https://investorplace.com/hypergrowthinvesting/2023/06/buy-smart-to-win-big-in-the-great-ev-consolidation/">would be acquired</a> by larger ones. However, some small EV producers pose too many problems to be a good investment for anyone. These three troubled EV stocks in particular represent the worst that the sector has to offer.



<h2>EV Stocks to Sell: Nikola (NKLA)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/nkla-stock-1600-300x169.png" alt="Nikola (NKLA) badge on the front of a matte black car"><div>Source: <a href="https://nikolamotor.com/press">Nikola Press Center</a></div></div>


Of all the struggling <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a>, few have experienced a worse year than Nikola (NASDAQ:<a href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>). This company has been fighting a losing battle ever since the downfall of its founder, Trevor Milton. The ex-Nikola executive is <a href="https://www.cnbc.com/2023/12/18/nikola-founder-trevor-milton-sentencing-fraud-charges.html">facing years in prison</a> for securities fraud and wire fraud.



Since Milton stepped down, NKLA stock has been on a steady downward spiral. Shares are down more than 70% just in the past one year. Indeed, despite the occasional meme stock push, NKLA has failed to gain any actual momentum. In fact, the company recently <a href="https://investorplace.com/2024/01/nkla-stock-alert-nikola-receives-nasdaq-non-compliance-notice/">received a delisting notice</a> from the Nasdaq for failing to trade above $1 per share for 30 days. 



InvestorPlace contributor Thomas Niel thinks that investors should <a href="https://investorplace.com/2023/12/smart-shorts7-meme-stocks-to-bet-against-in-2024/">bet against Nikola in 2024</a>, citing its significant losses and inability to scale production. This argument makes sense, especially as NKLA stock &mdash; currently trading around 67 cents &mdash; trades well below the $1 mark. If that continues to be the case, NKLA will lose its spot on the Nasdaq and likely end up trading via an over-the-counter (OTC) exchange.



<h2>Mullen Automotive (MULN)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/muln1600-2-300x169.png" alt="In this photo illustration, the Mullen Technologies (MULN) logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>


While it may not be trading below $1 anymore, Mullen Automotive (NASDAQ:<a href="https://investorplace.com/stock-quotes/muln-stock-quote/">MULN</a>) still belongs on any list of EV stocks to sell. This automaker did what Nikola hasn&rsquo;t been able to do yet, <a href="https://investorplace.com/2024/01/muln-stock-alert-mullen-regains-nasdaq-minimum-bid-price-compliance/">regaining Nasdaq compliance</a> by successfully meeting the $1 bid requirement. However, investors should consider the fact that MULN stock has plunged more than 90% just over the past six months.



Mullen also has a clear track record of failing to garner momentum, even when it reports good news. Last week, Mullen <a href="https://investorplace.com/2024/01/muln-stock-alert-mullen-three-ev-receives-carb-certification/">received a certification</a> from the California Air Resources Board (CARB) but shares still closed out the week in the red, demonstrating that MULN has nowhere to go but down.



As it stands, there&rsquo;s little to suggest that Mullen will survive 2024. InvestorPlace contributor Faisal Humayun also believes it <a href="https://investorplace.com/2024/01/3-electric-vehicle-stocks-to-sell-as-the-competition-heats-up-in-2024/">won&rsquo;t last the year</a>, even though the company finally began generating revenue in 2023. If Mullen&rsquo;s own problems don&rsquo;t bury it this year, rising competition from stronger companies will.



<h2>EV Stocks to Sell: Workhorse Group (WKHS)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/wkhs_1600_b_workhorse-300x169.jpg" alt="Image of a Workhorse (WKHS) logo and drone on the side of a truck."><div>Source: Photo from WorkHorse.com</div></div>


It&rsquo;s hard to have faith in a company that has shares trading for only around 25 cents apiece. Workhorse (NASDAQ:<a href="https://investorplace.com/stock-quotes/wkhs-stock-quote/">WKHS</a>) has spent the past year in a race to the bottom, watching shares decline by more than 85%. The company produces electric delivery vans and drones, but even exposure to multiple markets hasn&rsquo;t helped WKHS stock grow.



Last week, Workhorse <a href="https://www.bizjournals.com/cincinnati/news/2024/02/02/workhorse-group-to-sell-union-city-plant-ev-trucks.html">announced the sale</a> of its Union City, Indiana plant, a move deemed necessary due to increasing financial problems. This does not bode well for the company as it enters a new year deep in the red. 



Also hanging over Workhorse&rsquo;s head is the bankruptcy and demise of Lordstown Motors (OTCMKTS:<a href="https://investorplace.com/stock-quotes/rideq-stock-quote/">RIDEQ</a>). This fellow EV producer <a href="https://www.wsj.com/articles/early-lordstown-motors-investor-workhorse-group-sold-72-of-stake-in-startup-company-filings-say-11628517750">once counted Workhorse as a top investor</a>. Now, Lordstown has lost its spot on the Nasdaq and Workhorse looks destined for a similar fate.



As InvestorPlace contributor Ian Bezek <a href="https://investorplace.com/2023/10/3-ev-stocks-that-failed-to-become-the-next-tesla/">reported</a> back in October 2023:




&nbsp;&ldquo;Workhorse&rsquo;s vehicle business failed to generate meaningful commercial revenues. The company is now going for a longshot pivot to a&nbsp;<a href="https://seekingalpha.com/news/4021505-workhorse-group-rallies-after-positive-update-on-the-drone-business">drone business,</a>&nbsp;but if that doesn&rsquo;t show immediate results, Workhorse could follow Lordstown&rsquo;s path into bankruptcy.&rdquo;




Even if it can somehow avoid bankruptcy, Workhorse doesn&rsquo;t seem to have any real path back to growth. This makes WKHS stock a clear choice as one of the top EV stocks to sell. 



On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.&nbsp;



Read More:&#8239;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</a>



On the date of publication, Samuel O&rsquo;Brient&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Samuel O&rsquo;Brient is a Reporter for InvestorPlace, where his work focuses primarily on financial markets, global economic trends, and public policy. O&rsquo;Brient writes a weekly column on recent political news that investors should be following.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/02/3-ev-stocks-to-sell-that-likely-wont-survive-2024/">3 EV Stocks to Sell That Likely Won&#8217;t Survive 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 EV Stocks to Sell That Likely Won't Survive 2024

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Lordstown Motors Corp Ordinary Shares - Class A

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