Why Aehr Test Systems Plunged 48.4% in October
Shares of Aehr Test Systems (NASDAQ: AEHR) plunged 48.4% in October, according to data from S&P Global Market Intelligence.
Aehr had skyrocketed earlier in the year, nearly tripling at one point before an electric-vehicle sales slowdown and rising interest rates caused the stock to pull back.
October, however, was particularly bad. Aehr reported earnings early in the month, which left some investors wanting. That was followed by a sharp rise in interest rates in conjunction with other electric-vehicle stocks confirming the industrywide slowdown.
Source Fool.com
