Why Sono Group Stock Is Getting Fried Today
Shares of Sono Group (NASDAQ: SEV) are short-circuiting at 11:12 a.m. ET on Friday after the electric vehicle (EV) start-up priced its secondary offering. The stock is falling 19.3% after the company announced it was pricing the shares at just $4 each, some 16% below where the stock closed on Thursday.
The EV stock collapsed the other day, too, when it first announced the offering.
Image source: Sono Group.
Source Fool.com
