Why CBAK Energy Stock Just Crashed 19.5%

CBAK Energy Technology (NASDAQ: CBAT) stock ran up 84% in a day on Monday -- but what a difference a couple of days make! Shares of the Chinese lithium battery maker crashed yesterday as investors, who profited mightily on Monday, began cashing in their winnings. Today, CBAK looks to be dropping even more, down 19.5% as of 11:40 a.m. EST.

And this time, CBAK has only itself to blame.

Image source: Getty Images.

Continue reading

Source Fool.com