VinFast Auto Ltd. (NASDAQ:VFS) shares fell Thursday on continued volatility following its recent Nasdaq debut.
What To Know: VinFast stock has been in freefall recently, plummeting from its peak at the end of August.
The stock had a meteoric rise, beginning in mid-August with its Nasdaq launch, fueled by retail investor interest and the EV craze.
The company also made several head-turning milestones already, such as becoming the third-largest automaker globally by market cap, behind Tesla and Toyota at the end of August.
However, the stock has been very volatile too, down over 50% over the past week alone, likely because three companies hold approximately 99% of its shares.
Related Link: Why Qualcomm Stock Is Trading Lower Today
VFS Price Action: Shares of VFS closed down by 26.60% at $17.99, according to Benzinga Pro.
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