On Friday, $VinFast Auto(VFS)$ stock sat out a broad-market rebound to hit an intraday low of $7.65 before managing to close marginally above $8. The startup electric vehicle (EV) company hit new all-time lows of $7.55 again this morning, and is now down around 24% from the special purpose acquisition company (SPAC) IPO price of $10.VFS joins the long list of former SPACs that have crashed below the IPO price after the merger. Practically all of the green energy companies that went public through the SPAC reverse merger process over the last three years are now trading below the $10 price level – and if anything, VinFast stock’s boom-to-bust story has played out quite quickly.VinFast Stock Has Fallen Over 90% from Its PeaksVinfast soared after its
Not selling $VFS until hitting $100?
VinFast becomes third most valuable carmaker as stock surge continues and its market cap above $200 bln. APEs on wallstreetbets say that he won't sell VFS until it hits $100. ----------- Will $VFS surpass $100 tonight? How will you trade Vinfast?
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