What's Going On With Enovix (ENVX) Shares Tuesday?
Portfolio Pulse from Erica Kollmann
Enovix Corporation (NASDAQ:ENVX) shares are trading lower on Tuesday after a short report from Pig Farmer Capital called the company's battery technology 'overhyped'. This comes despite Enovix announcing last week that it had met its Q2 manufacturing goal of 18,000 units and expects to exceed its previous outlook.
June 20, 2023 | 5:00 pm
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Enovix shares are trading lower after a short report from Pig Farmer Capital called the company's battery technology 'overhyped', despite meeting Q2 manufacturing goals.
The short report from Pig Farmer Capital has negatively impacted Enovix's stock price, as it questions the company's battery technology. Despite the company meeting its Q2 manufacturing goals and expecting to exceed its previous outlook, the negative sentiment from the short report has led to a decline in the stock price.
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