Why ChargePoint Stock Is Plunging 25% This Week
CHPTChargePoint(CHPT) The Motley Fool·2024-09-06 01:50

ChargePoint is reorganizing. Is it too little, too late?ChargePoint Holdings (CHPT -17.75%) provided its quarterly update this week, and it disappointed investors. That, along with the bigger picture of electric vehicle (EV) sales, has investors dumping ChargePoint stock.As of Thursday afternoon trading, ChargePoint stock had tumbled by 25% this week, according to data provided by S&P Global Market Intelligence. That drove the stock near its 2024 lows and down nearly 40% year to date.ChargePoint revenue is ...