CAO John Finnucan Is Doubling Down on Fisker (FSR) Stock
Source: T. Schneider | Shutterstock.com Fisker (NYSE: FSR ) stock is in the spotlight today following an insider acquisition by Chief Accounting Officer (CAO) John Finnucan. Excluding Finnucan’s purchase, the last insider purchase of FSR stock was attributable to Director Mitchell Zuklie, who purchased 5,000 shares at an average price of $11.35 on March 9. Recently, Fisker announced that its Ocean One had sold out of all of its reservations in just 30 days. The electric vehicle (EV) has three models, with the lowest priced at $37,499 and the highest at $69,000. A solar roof is one of the unique features of the EV and is believed to be able to add 2,000 miles of range per year. Each reservation of the Ocean was secured with a $5,000 deposit. In total, the reservations amount to $350 million of potential revenue if each reserved vehicle is delivered. Fisker expects production of the Ocean One to begin in November. As a result of demand, the company may seek to increase production in the U.S. next year as well.
CAO John Finnucan Is Doubling Down on Fisker (FSR) Stock
Source: T. Schneider | Shutterstock.com Fisker (NYSE: FSR ) stock is in the spotlight today following an insider acquisition by Chief Accounting Officer (CAO) John Finnucan. Excluding Finnucan’s purchase, the last insider purchase of FSR stock was attributable to Director Mitchell Zuklie, who purchased 5,000 shares at an average price of $11.35 on March 9. Recently, Fisker announced that its Ocean One had sold out of all of its reservations in just 30 days. The electric vehicle (EV) has three models, with the lowest priced at $37,499 and the highest at $69,000. A solar roof is one of the unique features of the EV and is believed to be able to add 2,000 miles of range per year. Each reservation of the Ocean was secured with a $5,000 deposit. In total, the reservations amount to $350 million of potential revenue if each reserved vehicle is delivered. Fisker expects production of the Ocean One to begin in November. As a result of demand, the company may seek to increase production in the U.S. next year as well.