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Bullboard - Stock Discussion Forum Electrameccanica Vehicles Corp SOLO

ElectraMeccanica Vehicles Corp. is a Canada-based designer and assembler of environmentally efficient electric vehicles. The Company is focused on exploring other strategic third-party opportunities and potential options for its business primarily within the electrification sector, which includes mergers or acquisitions of other assets or entities, collaborations, including partnerships and... see more

NDAQ:SOLO - Post Discussion

Electrameccanica Vehicles Corp > And why the 20% drop?
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Post by Dibah42 on Nov 24, 2020 9:50am

And why the 20% drop?

https://www.nasdaq.com/market-activity/stocks/solo
Comment by hintonkid on Nov 24, 2020 10:09am
The drop is likely due to a couple of things.  Firstly the stock price has run up so quickly that the stock may have become over-valued and traders are taking profits.  The second contributing possibility for the sharp decline may have to do with the just announced  $200 Million shelf finance credit line that the company can draw from.  It is possible that once the share price ...more  
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