Vroom Stock Plunges After Winding Down E-Commerce Business—Key Chart Levels to Monitor
VRMVroom(VRM) Investopedia·2024-01-23 21:10

Key Takeaways e o o Vroom said it plans to discontinue its e-commerce business and wind down its used vehicle dealership. The company said it has been unable to raise the necessary capital to fund its e-commerce operations. The stock traded sharply lower following the news and could break down below a falling wedge pattern to a new all-time low. Vroom, Inc. L+ This image depicts the VRM chart. @ Vroom, Inc. - 1D- NASDAQ & = 00.4534 H0.5400 L0.4401 C0.5278 +0.0890 (+20.28%) Vol 9.488M Stock Poise! | | ! . 17 ...