DCFC - Why Tritium DCFC Stock Keeps Falling
Last week, in a short series of thrilling stock market sessions, a tiny, all-but-unknown Australian maker of electrical equipment -- Tritium DCFC Limited (NASDAQ: DCFC) -- rocketed to stock market stardom. President Joe Biden appeared to make Tritium the centerpiece of his $7.5 billion plan to build a nationwide network of electric vehicle charging stations, you see. And before you knew it, Tritium stock had exploded 130% higher.
But easy come, easy go. Just two days after its run higher began, Tritium stock lost all its momentum and proceeded to plunge . On Monday, that slump continued, and as of 11:35 a.m. ET, Tritium shares are down another 10.2%.
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Why Tritium DCFC Stock Keeps Falling