Why XPeng Stock Sank 29.2% in February

Keith Noonan, The Motley Fool
·2 min read
Why XPeng Stock Sank 29.2% in February

Shares of XPeng (NYSE: XPEV) fell 29.2% in February, according to data from S&P Global Market Intelligence. A sharp rise for Treasury bond yields kicked off in February, and investors began moving out of tech stocks in favor of fixed income investments and stocks in the energy and industrials sectors. EV stocks were hit particularly hard, and XPeng got caught up in the pullback.