Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why TuSimple Stock Is Lower Today

TheMotleyFool

0 0

Shares of TuSimple Holdings (NASDAQ: TSP) were trading lower on Monday afternoon amid a broad-based sell-off driven by concerns about rising interest rates.

As of 1:45 p.m. ET, TuSimple's shares were down about 10.3% from Friday's closing price.

TuSimple is a San Diego-based company that is working to develop and deploy autonomous heavy trucks. There was no news moving the company's stock lower on Monday; rather, it appeared to be caught in a broad sell-off of technology names triggered by concerns about inflation and interest rates. A jump in the benchmark 10-Year U.S. Treasury rate, from 1.769% on Friday to 1.8% early on Monday, seems to have alarmed investors.

Source Fool.com

Like: 0

TSP

Share