VivoPower International shares are trading lower after the company announced that its electric vehicle subsidiary, Tembo E-LV, has secured a minimum 200 committed Tembo Tuskers. The stock initially traded lower, but it has since reversed.
Portfolio Pulse from Benzinga Newsdesk
VivoPower International shares initially traded lower after announcing that its electric vehicle subsidiary, Tembo E-LV, secured a minimum of 200 committed Tembo Tuskers. However, the stock has since reversed its downward trend.
June 18, 2024 | 4:16 pm
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VivoPower International's stock initially dropped following the announcement that its subsidiary, Tembo E-LV, secured a minimum of 200 committed Tembo Tuskers. The stock has since reversed its downward trend.
The initial drop in VVPR's stock price likely reflected investor uncertainty or profit-taking. However, the reversal suggests that the market views the securing of 200 committed Tembo Tuskers as a positive development for the company's future revenue and growth prospects.
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