Here’s an experiment. Remove all mega caps, choose your segment of the stock market, hang it up on a board and close your eyes. Then, stick a pin anywhere, and what do you get? Most likely a stock that has bled profusely for the past 12 months. There are many to choose from. For example, shares of ChargePoint (CHPT) started the year with a 29% decline, further adding to last year’s losses. Scanning the EV charging station leader’s prospects for J.P. Morgan, analyst Bill Peterson is not yet fully committed to the bull narrative. However, he believes the “recent pullback represents an attractive entry point to accumulate shares.
https://www.tipranks.com/news/article/chargepoint-offers-an-attractive-entry-point-at-current-levels-says-j-p-morgan?utm_source=advfn.com&utm_medium=referral
ChargePoint (NYSE:CHPT)
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ChargePoint (NYSE:CHPT)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more ChargePoint Charts.