Why VinFast Auto Stock Continues To Fall
Portfolio Pulse from Ryan Gustafson
Shares of VinFast Auto Ltd. (NASDAQ:VFS) continue to fall due to volatility following its recent Nasdaq debut. The stock, which had a significant rise due to retail investor interest and the EV craze, has been down over 50% over the past week. This is likely because three companies hold approximately 99% of its shares.
September 07, 2023 | 8:09 pm
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VinFast Auto Ltd.'s stock has been falling due to volatility following its Nasdaq debut. The stock is down over 50% over the past week, likely because three companies hold approximately 99% of its shares.
The stock of VinFast Auto Ltd. has been falling due to volatility following its Nasdaq debut. The concentration of ownership, with three companies holding approximately 99% of its shares, is likely causing this volatility and the subsequent fall in the stock price.
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