Electric vehicles may be picking up traction among consumers but the rout in the financial markets in 2022 made sure no sector was spared in terms of stock price.
What Happened: Some of the prominent EV players in the listed space have seen as much as 80% drop in their stock price since the beginning of the year.
Tesla, Inc. ended 2022 as the worst-performing mega-cap stock, with some of the weakness attributable to worries concerning a slowdown in demand, especially in its key market, China.
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.
Hong Kong shares opened in the green on Friday with the benchmark Hang Seng gaining 0.9% in morning trade taking cues from Wall Street which witnessed the much-awaited rebound the day before.
Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities.
The rise of social media and retail traders gave way to countless methods to uncover new information. For some, this is overwhelming.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.