VinFast Stock On A Rollercoaster: 22% Average Swings With No Clear Triggers
Portfolio Pulse from Benzinga Neuro
VinFast Auto (NASDAQ:VFS), the electric vehicle manufacturer from Vietnam, has seen significant volatility in its stock price, with average swings of 22% and no clear triggers. Despite providing full-year delivery guidance for 2023, the stock has dropped about 52% since then. The company's market capitalization is currently around $19 billion, lower than Rivian Automotive's (NASDAQ:RIVN) market cap of about $21 billion.
October 05, 2023 | 7:14 am
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VinFast Auto's stock has seen significant volatility, with average swings of 22% and no clear triggers. Despite providing full-year delivery guidance for 2023, the stock has dropped about 52% since then.
The stock's significant volatility and the 52% drop since the company provided its full-year delivery guidance for 2023 could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Rivian Automotive's market capitalization is currently around $21 billion, higher than VinFast Auto's market cap.
The news mentions Rivian Automotive in comparison to VinFast Auto, but it does not provide any specific information that could impact Rivian's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50