Why Ballard Power Stock Just Dropped 10% [The Motley Fool]
Ballard Power Systems, Inc. - Common Shares (BLDP)
Last ballard power systems, inc. - common shares earnings: 3/4 08:30 pm
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Source: The Motley Fool
Why Ballard Power Stock Just Dropped 10% What happened Investors reacted negatively Ballard Power Systems ( NASDAQ:BLDP Since the month of November began, Ballard stock has enjoyed an astonishing .% run-up in share price. Investors approved of Ballard CEO Randy MacEwen's prediction Up until yeserday, that is. On Tuesday, Ballard's share price tumbled, and closed the day down 0.%. Image source: Getty Images. So what What spooked investors today? That's hard to say. There is no stock-specific news out today to explain the drop, no downgrades (or upgrades) nor anything huge on the macroeconomic front. The 00 as a whole closed the day basically flat. My guess: This is a simple case of investors " taking profits Now what And if that's the case, then there's no reason to expect an immediate bounce-back at Ballard. There are, after all, still a lot of post-earnings profits left to take. This sell-off could get worse before it gets better.
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