Shares of Blink Charging Co. zoomed higher again on heavy volume Monday, and have nearly tripled amid a six-day win streak, as the electric-vehicle sector continued to attract investor interest.
Last week, the shares skyrocketed 133.7%, making it the best performer among the Nasdaq Composite Index’s COMP, +0.21% components over that time. To Gutierrez’s point, three of the Nasdaq Composite’s top four performers last week were in the EV sector. What may have also fueled interest in EV stocks on Friday, Kansas City Federal Reserve President Esther George spoke about consumers’ declining dependence on gasoline, as well as the growth of the electric vehicle market, and how it posed a “significant threat” to even other renewable energy sources, such as ethanol.
The road hasn’t been exactly smooth since Blink’s stock started trading over-the-counter in 2008. The stock has undergone two 1-for-50 reverse splits, in February 2011 and August 2017, in an effort to boost the stock price. The latest reverse split helped the stock get listed on the Nasdaq exchange in February 2018. Read more about reverse stock splits.
I just made alot from Blink and 2 others.