Why ChargePoint Stock Plunged to a 52-Week Low This Week
CHPTChargePoint(CHPT) The Motley Fool·2024-01-20 01:05

ChargePoint Holdings (CHPT -5.15%) stock made a solid comeback in December, but it's failing miserably to hold up this year so far. Shares of the electric vehicle (EV) charging infrastructure company plunged to a 52- week low this week and were trading 13% lower as of 10:40 a.m. ET Friday this week alone, according to data provided by S&P Global Market Intelligence. The EV charging stock is now down almost 30% year to date. With short interest as a percentage of float in ChargePoint stock rising further thi ...