Why Electric Vehicle Stocks Popped Today
Shares of electric vehicle (EV) and charging stocks traded sharply higher on Thursday as investors moved back into high-growth stocks. There wasn't a lot of specific news about EV companies, but the macro environment continues to get slightly better and the market is reacting by moving into higher-risk assets.
Nikola (NASDAQ: NKLA) traded as much as 15.5% higher, Canoo (NASDAQ: GOEV) was up 16.3%, Lucid Group (NASDAQ: LCID) popped 8.1%, and Wallbox (NYSE: WBX) rose 20.3% at its peak. The stocks were up 8.6%, 7%, 16.3%, and 16.3% higher, respectively, at 3:30 p.m. ET.
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Source Fool.com
