Why Blink Charging Was Down 15%, Then Up 7% Today
Shares of electric-vehicle (EV) charging-station supplier Blink Charging (NASDAQ: BLNK) rode a bit of a roller-coaster today. After initially dropping 15% this morning, shares surged back up 7% before settling in to a gain of about 3.5%.
Today provides an example of why investors in this sector need to start looking at the business fundamentals rather than just buying names in a hot industry.
Prior to the market open today, the EV sector looked like it was going to take a beating. And after the momentous run almost any name in the hot sector has had in the past month, that wouldn't have come as a huge surprise.
Source Fool.com
