ChargePoint Holdings Inc - Ordinary Shares - Class A Stock News

It's safe to say that almost no investor likes it when one of their investments pulls off a reverse stock split. For very good reasons, this is generally seen as a desperate attempt to remain in compliance with the minimum share price listing requirements imposed by U.S. exchanges.

While sharp movements on a chart can be unsettling, they often mask the underlying story of a company's evolving strategic operations. Stock structure changes create significant market noise, smoke signals that create a fog of war that, in ChargePoint's case, masks the company's improving fundamentals.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of EV charging solutions, today announced Safeguard Care, a new service offering that provides end-to-end reliability monitoring of ChargePoint charging stations. The program, available now in six launch markets, utilizes a network of trained service providers to routinely inspect chargers, identifying and repairing...

The stock price for the EV charging company ChargePoint Holdings (NYSE: CHPT) went up dramatically this morning—but, for investors, that might not be good news.

ChargePoint (NYSE:CHPT) shares fell almost 15% after the provider of EV charging solutions announced a reverse stock split at a ratio of 1-for-20, effective as of Monday's market open. The company said the reverse stock split aims to increase its share price to remain compliant with New York Stock Exchange listing standards.

Shares of ChargePoint (CHPT -15.00%), the electric car charging company, tumbled 14.3% through 10:50 a.m. ET Monday morning after conducting a 1-for-20 reverse stock split.

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT the “Company”), a leading provider of EV charging solutions, announced that today the Company implemented a reverse stock split of its common stock at a ratio of 1-for-20, which will be reflected at market open. The reverse stock split is intended to increase the market price per share of the Company's common stock and help the Company ...

ChargePoint (CHPT 0.35%) shares have crashed because the market for electric vehicles is not growing as expected.