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Why ChargePoint Stock Slumped This Week
The Motley Fool· 2025-08-02 06:42
A reverse stock split obscured news that was otherwise good for the company.It's safe to say that almost no investor likes it when one of their investments pulls off a reverse stock split. For very good reasons, this is generally seen as a desperate attempt to remain in compliance with the minimum share price listing requirements imposed by U.S. exchanges.So, it wasn't shocking at all that ChargePoint Holdings (CHPT 2.77%) took a real hit to its stock price largely because of the move -- which actually obsc ...