Why VinFast Auto Stock Jumped Today [Yahoo! Finance]
VinFast Auto Ltd. (VFS)
Company Research
Source: Yahoo! Finance
But the Vietnamese electric vehicle (EV) maker didn't start accepting orders for the compact SUV until last week. And initial interest looks to be huge. After reports that it received deposits for nearly 30,000 of the new EV model in under 72 hours, shares jumped as much as 15% today. While the stock has since given up some of those gains, it was still trading higher by 5.5% as of 12:55 p.m. ET on Thursday. That added to gains earlier this week for a total jump of almost 50%. But investors should temper any excitement. An EV for under $10,000 Don't confuse today's move with the move earlier this week. This week's market trading saw a revival in meme stock mania . And VinFast's shares jumped along with other stocks that have high short interest . About 15% of the company's share float was held by short-sellers as of the end of April, according to MarketWatch. Today, though, investors were cheering the large amount of interest in VinFast's low-priced SUV. But even that should be
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VFS
News
- Shareholders of VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Should Contact Levi & Korsinsky Before June 11, 2024 to Discuss Your Rights - VFSAccesswire
- The Schall Law Firm Encourages Investors Who Have Incurred Losses With VinFast Auto Ltd. To Make Contact Before The June 11th DeadlineAccesswire
- VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Class Action: Levi & Korsinsky Reminds VinFast Auto Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of June 11, 2024 - VFSAccesswire
- VFS DEADLINE TODAY: Rosen Law Firm Urges VinFast Auto Ltd. f/k/a Black Spade Acquisition Co. Investors with Large Losses to Contact the Firm for Information About Their RightsPR Newswire
- DEADLINE TODAY: The Schall Law Firm Encourages Investors in VinFast Auto Ltd. with Losses to Contact the FirmBusiness Wire
VFS
Earnings
- 4/17/24 - Miss
VFS
Sec Filings
- 6/14/24 - Form 424B3
- 6/14/24 - Form 424B3
- 6/14/24 - Form 424B3
- VFS's page on the SEC website