Tag: Fell

Why Osprey Technology Acquisition Stock Fell 11.6% in March

What happened

Shares of Osprey Technology Acquisition (NYSE:SFTW) dipped 11.6% in March, according to data from S&P Global Market Intelligence. Valuations for many special purpose acquisition companies (SPACs) fell as the market moved out of growth-dependent tech stocks last month, and Osprey was hit by the pullback. 

SFTW Chart

SFTW data by YCharts

Osprey announced in February that it would be combining with satellite and data analytics specialist BlackSky Holdings and taking the company public through the merger. The SPAC’s share price posted explosive gains after the announcement, but the stock quickly lost ground following the post-news pop, and sell-offs continued in

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Why CBAK Energy Technology Stock Fell 19.6% in February

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) slumped 19.6% in February, according to data from S&P Global Market Intelligence. The battery technology specialist’s stock saw steep declines at the end of the month as investor confidence in growth-dependent tech stocks wavered. 

CBAT Chart

CBAT data by YCharts.

The Chinese battery technology company’s stock has surged over the past year amid signs that it might have big growth opportunities in the electric vehicle (EV) market, but it remains vulnerable to volatility. With EV stocks suffering substantial sell-offs at the end of last month, it’s not surprising that CBAK shares saw a steep

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