From Nasdaq:



ChargePoint Holdings shares have seen a recent surge of nearly 25%, however, they have dropped by 12.5% this week. The rise in share price was not due to any good news from the company but, rather, a general increase in interest in technology and growth stocks from investors and the Fed’s signal of potential rate cuts in 2024. ChargePoint reported a $130 million operating loss in its fiscal 2024 third-quarter, causing concern among investors. Revenue dropped 12% year over year, and the company recently replaced its CEO. The company is facing challenges from increased competition, especially from Tesla. The Motley Fool Stock Advisor analyst team suggests that ChargePoint may not be the best stock to invest in at this time.



Original: Why ChargePoint Shares Plunged This Week