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Why Northern Genesis Acquisition Stock Fell 21.7% in February

TheMotleyFool

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Why Northern Genesis Acquisition Stock Fell 21.7% in February

Shares of Northern Genesis Acquisition (NYSE: NGA) slumped 21.7% in February, according to data from S&P Global Market Intelligence. A big pullback for electric vehicle (EV) stocks is pressuring the valuation of the special purpose acquisition company (SPAC).