Shares of the EV company fell almost 27% on Thursday, marking a seventh straight session of losses.
Shares of the Vietnamese EV start-up VinFast Auto plunged again, but without any particular news to explain the move. When the shares finally settle down after their recent wild swings, it will be time for investors to think about what is next for the company and the stock.
Those unexplained swings are no problem for some people in the market. Traders are attracted to volatility and VinFast stock has volatility in spades. Shares have moved up or down an average of 40% a day since the stock symbol changed. None of those start-ups is profitable yet, but they have the capacity to produce hundreds of thousands of vehicles annually.
How Wall Street will feel about the company is anyone’s guess. The stock charts aren’t much help either.
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