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Why Northern Genesis Acquisition Stock Fell 18.1% in March

TheMotleyFool

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Why Northern Genesis Acquisition Stock Fell 18.1% in March

Shares of Northern Genesis Acquisition (NYSE: NGA) dipped 18.1% in March, according to data from S&P Global Market Intelligence. There wasn't any negative news for the special purpose acquisition company (SPAC) in the month, but its stock pulled back in conjunction with sell-offs for the broader electric vehicle (EV) space.