Shares of the EV company fell almost 27% on Thursday, marking a seventh straight session of losses.
Shares of the Vietnamese EV start-up VinFast Auto plunged again, but without any particular news to explain the move. When the shares finally settle down after their recent wild swings, it will be time for investors to think about what is next for the company and the stock.
Those unexplained swings are no problem for some people in the market. Traders are attracted to volatility and VinFast stock has volatility in spades. Shares have moved up or down an average of 40% a day since the stock symbol changed. None of those start-ups is profitable yet, but they have the capacity to produce hundreds of thousands of vehicles annually.
How Wall Street will feel about the company is anyone’s guess. The stock charts aren’t much help either.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Space Station is Getting Gigabit InternetNASA is upgrading the ISS communication system with the first end-to-end laser relay system.
Read more »
2,000 white rhinos will be released into the wild over the next decadeA conservationist group in South Africa will rewild 2,000 white rhinos over the next decade after making a big purchase.
Read more »
Man takes pet snake surfing in wild video: ‘She loved to be in the water’A man filmed taking his pet snake surfing on the Gold Coast of Australia is under investigation by wildlife authorities as concerns emerge for the reptile’s welfare.
Read more »
Whoopi Goldberg ‘not dead’ amid wild fan theories about her ‘View’ absenceThe “Sister Act” star’s diagnosis comes as cases of the new COVID-19 variant, dubbed Pirola, sweep the nation.
Read more »
'Star Trek: Lower Decks' drops a wild new Season 4 trailer and official poster (video)Galactic peace is shaken on Paramount+'s animated sci-fi series restarting its warp engines on Sept. 7
Read more »
The Afterparty Season 2 Ending Explained: Edgar's Killer Identity & Those Wild CameosThe Afterparty season 2 solves its murder mystery.
Read more »