Blink Charging (NASDAQ: BLNK) stock tumbled Tuesday, sinking 9.1% as of 12:50 p.m. ET today. It wasn't just the broader market weakness that hit the electric vehicle (EV) charging stock; investors were reacting to Blink Charging's second-quarter numbers that came out yesterday after market close, and they weren't happy to see the company's losses widen. It doesn't matter that Blink Charging's revenue is growing at a blistering pace.
Is it a good or bad thing when a stock surpasses resistance at the 200-day simple moving average?
Good afternoon, and welcome to Blink Charging's second quarter 2022 earnings conference call. On the call today, we have Michael Farkas, chairman and chief executive officer; Brendan Jones, president; and Michael Rama, chief financial officer.