After 30% Decline, What’s Next for ChargePoint Stock?
December 22 2021 - 07:24AM
TipRanks
Shares of ChargePoint (NYSE:CHPT) are under pressure due to the
overall selling in the stock market and supply-chain concerns. The
recent selling of its stock has eroded over 30% of its value in the
past month. It’s worth noting that ChargePoint, a
leading EV charging network, has negative indicators from hedge
funds, insiders, and investors. TipRanks’ Hedge Fund Trading
Activity tool shows hedge funds have offloaded 2.1 million
ChargePoint shares in the last three months. Meanwhile, corporate
insiders sold ChargePoint stocks worth 27.5
million during the same period. Further, TipRanks’ Stock
Investors tool shows that investors holding portfolios on TipRanks
have a Very Negative outlook on ChargePoint stock.
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ChargePoint (NYSE:CHPT)
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