Vroom Stock Plunges After Winding Down E-Commerce Business—Key Chart Levels to Monitor

Key TakeawaysVroom said it plans to discontinue its e-commerce business and wind down its used vehicle dealership.The company said it has been unable to raise the necessary capital to fund its e-commerce operations.The stock traded sharply lower following the news and could break down below a falling wedge pattern to a new all-time low. Vroom, Inc. Source: TradingView.comShares of vehicle e-commerce platform Vroom (VRM) plunged over 50% ahead of the opening bell Tuesday after the company said it plans to ...