Why CBAK Energy Stock Just Dropped 6%
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.
Source Fool.com