Here's Why ChargePoint Holdings Stock Is Sinking This Week and Could Fall Further

ChargePoint Holdings (NYSE: CHPT) stock is sliding this week. The electric vehicle (EV) charging company's share price was down roughly 6.6% from the end of last week heading into Friday's market open, according to data from S&P Global Market Intelligence.

While there doesn't appear to have been any fresh business-specific news driving ChargePoint's share price lower, the market has been weighing mounting macroeconomic and geopolitical risk factors. Investors are reacting to uncertainty on the horizon and moving out of stocks, and the EV charging company's share price is falling due to the trend. 

Image source: Getty Images.

Continue reading

Source Fool.com