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Stock impact report

Why ChargePoint Stock Jumped This Week [Yahoo! Finance]

ChargePoint Holdings, Inc. (CHPT) 
Company Research Source: Yahoo! Finance
The stock jumped 16.5% as trading came to a close Thursday afternoon, according to data provided by S&P Global Market Intelligence That move brought ChargePoint shares off the lowest level of the year. And there could be more to come based on the reason for the sharp move. Before investors get too excited, though, realize that shares are still lower by 36.5% year to date. EV charging leadership change ChargePoint's move didn't come from anything the company specifically did. There was no major news or Securities and Exchange Commission (SEC) filings from the company. But there was some seemingly major, and surprising, news from EV leader Tesla (NASDAQ: TSLA) . Tesla's Supercharger network is so dominant that its North American Charging Standard (NACS) system is becoming the official standard in North America. But the company shocked investors and Tesla owners this week by laying off most or all of its Supercharger segment employee base. That comes after Tesla announced agreeme Show less Read more
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