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Why CBAK Energy Stock Just Dropped 6%

TheMotleyFool

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Shares of CBAK Energy Technology (NASDAQ: CBAT) stock are dropping in late morning trading Tuesday, down 6.2% as of 11:25 a.m. EST.

As TheFly.com reported late yesterday, there's been a surge in "size put blocks in CBAK Energy Technology" -- or translated into English, someone has been buying large numbers of contracts guaranteeing themselves the right to sell CBAK shares at prices as low as $2.50 per share in the future.

Image source: Getty Images.

Source Fool.com

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