Loading...
Loading...
Shares of electric car maker Tesla Motors
TSLA are plunging today, down some 7.5% as the lock-up period for investors and company insiders is set to expire next week.
Traders are expecting more company insiders will sell previously-restricted shares, so that is the reason for the weakness today.
At last check, shares were off $2.30 to $28.25.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Movers
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in