What happened When Blink Charging (NASDAQ: BLNK) reported its second-quarter results this week, investors tanked the stock. But a month-long surge in the share price resumed not long after, with shares up 56% in just the last 30 days.
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?