Why Blink Charging Stock Just Crashed 12%
Blink Charging (NASDAQ: BLNK) stock had an amazing run on Monday, surging 48% in a single day on no good news at all to close above $33 a share -- but it appears Blink may have dodged a bullet yesterday, and that bullet caught up to it this morning.
Blink is undeniably a popular stock among renewable energy fans. But just before noon yesterday, noted short-seller Citron Research published a report blasting Blink stock as the "new most ridiculous EV stock" on the planet. Investors appear not to have noticed the report when it came out, but boy, oh, boy are they noticing it today -- and Blink stock is down 13.2% in 10:40 a.m. EST trading because of it.
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Source Fool.com
