Strength Seen in REE Automotive (REE): Can Its 11.0% Jump Turn into More Strength?
REEREE Automotive .(REE) ZACKS·2024-09-19 17:46

REE Automotive Ltd. (REE) shares soared 11% in the last trading session to close at $6.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.1% gain over the past four weeks.REE’s shares are rising after it inked a deal with a major supplier to the automotive industry. Recently, REE Automotive entered into a strategic agreement with Motherson Group. Per the agreement, Motherson will manage supply chain operations and assist REE ...