Why EHang Holdings Stock Plunged on Tuesday
Shares of EHang Holdings (NASDAQ: EH) fell 62.7% on Tuesday after the Chinese "flying car" company was the subject of an unfavorable report from short-seller Wolfpack Research. The report resonated, sending the stock plummeting on nearly eight times the stock's normal daily volume.
EHang is developing an autonomous air taxi, and the company has captured investor interest in recent weeks. The stock was up more than 450% for the year as of earlier this week, but that all changed on Tuesday after Wolfpack put out its report.
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Source Fool.com
