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Here's Why ChargePoint Holdings Stock Plummeted 31.9% Last Month

Here's Why ChargePoint Holdings Stock Plummeted 31.9% Last Month

Shares of ChargePoint Holdings (NYSE: CHPT) sank 31.9% in July, according to data from S&P Global Market Intelligence. ChargePoint Holdings' announcement and completion of a secondary share offering also appears to have spooked investors. ChargePoint Holdings announced on July 14 that its underwritten secondary public offering of 12 million shares by certain stockholders would be priced at $23.50 per share.