Why Fisker Stock Fell Again This Morning
Shares of electric car manufacturing hopeful Fisker (FSR -5.54%) tumbled 4.5% through 11:50 a.m. ET this morning, erasing much of the gains won on Monday after Fisker announced a deal to convert about $185 million of its half-billion-dollar debt load into equity -- lowering its interest costs in the process.Investors liked that news, bidding Fisker stock up nearly 18% on Monday. They're less happy with today's news, though: British banker Barclays just cut its price target on Fisker stock by 75%.Barclays ba ...