Electric vehicle stocks closed the final trading week of the year on a mixed note amid the volatility in the broader market. Tesla, Inc. (NASDAQ: TSLA) swung wildly before snapping three straight weeks of losses and closing just higher for the week.
Investors often look for stocks with high short interest and a high cost to borrow, which could predict a potential short squeeze. New data shared by S3 Partners could signal which stocks investors are betting heavily against.
Electric vehicle stocks mostly advanced in the week ending Dec. 2, helped by market-wide optimism over a potential Fed pivot and some company-specific catalysts. The Chinese EV trio of Nio, Inc. (NYSE: NIO), XPeng, Inc.
U.S. stocks closed mixed on Friday, with the Dow Jones gaining around 150 points. Here is the list of some big stocks recording gains in the previous session.
Electric vehicle stocks had another down week, despite the broader market reversing course amid hopes of the Federal Reserve relenting from an extremely hawkish stance. Market leader Tesla, Inc.