Here's Why Ebang International Stock Got Crushed Today
Shares of Ebang International Holdings (NASDAQ: EBON) got crushed on Thursday, along with many other high-flying stocks. As of 2 p.m. EST, Ebang stock was down a whopping 24%.
On one hand, I wouldn't read too much into Ebang's fall today. After all, it's hard to find many stocks that are up now that fear is rising on Wall Street. Good companies and bad companies are selling off alike today, so Ebang's 24% decline isn't indicative of its business fundamentals. That said, we should at least acknowledge recent developments for the company.
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Source Fool.com