Blink Charging Slips Under 70 Cents After Envoy Deal
Blink Charging Co. shares dropped Friday after the electric-vehicle charging company said it will sell its Envoy Technologies business to Blade Ranger Ltd. Blink said the deal is meant to bring focus back on its core network. Blink shares traded at $0.6881, off 6.77 cents, or nearly 9%. Volume was close to 2.9 million. The company’s market cap was about $98.5 million.