ChargePoint’s stock plunges toward record daily, weekly declines after CEO change, revenue warning

Shares of ChargePoint Holdings Inc. CHPT plunged 36.4% toward a record low Friday, after the electric vehicle charging station company warned of a revenue miss and announced departures of two top executives. The stock was also headed for the biggest one-day drop since it started trading four years ago, with the percentage decline more than double the current record 16.1% selloff on June 13, 2022. And the weekly decline of 26.6% would also be a new record, passing the current record of a 23.1% drop during the week ended Sept. 8, 2023. The company provided late Thursday a third-quarter revenue outlook that was well below…

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