Why ChargePoint Holdings Stock Dropped 9.9% This Week

Shares of ChargePoint Holdings (CHPT 3.61%) were down 9.9% this week as of Thursday's close, according to data provided by S&P Global Market Intelligence, after the company announced a significant reorganization.ChargePoint's new CEO is taking the initiativeChargePoint stock only just rallied 26% in December 2023, rebounding from a disastrous November after the electric vehicle charging network provider abruptly lost both its CEO and chief financial officer.In a press release on Wednesday morning, the newly ...