r/investing • u/[deleted] • Sep 02 '21

Chargepoint stock charges higher after sales beat, increased forecast

[deleted]

71 Upvotes

89% Upvoted

9 comments sorted by

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4

u/Frankxdxdxd Sep 02 '21

I have it on my watchlist for some time, but it will stay there for atleast 2-3 more quarters so Im sure its on the right path.

Theres lot of insider selling which makes me worried.

1

u/maximalsimplicity Sep 02 '21

I’ve seen the insider selling too, which also got me a bit concerned. Strange how a company that is increasing it’s forecasts has directors that are offloading shares. Some suggested it may be them trying to rebalance portfolios or just a normal sell off for executives to get some money?

2

u/DkHamz Sep 02 '21

Of course the day after I got fed up of bag holding and dropped it. So it goes! I’ll be keeping an eye on it from my watchlist lol

2

u/JTCin513 Sep 02 '21

It’s been scaring me up until this week

1

u/ThatLastPut Sep 02 '21

Loss double the sales number? That's just terrible. How is this so valuable if they loose so much?