Fisker Inc. (FSR) shares are trading Up more than 18 percent on Tuesday morning after reports said Morgan Stanley started its coverage again with a price target of $40.
There have been no other stock-specific news reported today.
Earlier, on August 6, the sustainable electric vehicles manufacture had announced an increase in its projection for full-year 2021 to a range of $490-$530 million from its earlier outlook of $450-$510 million. Shares have been trending up since then.
Currently, shares are at $17.76, up 18.16 percent from the previous close of $15.03 on a volume of 26,585,163. The shares have traded in a range of $8.70-$31.96 on average volume of 10,682,266.
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