Carvana (CVNA) Declines on Official S&P 500 Inclusion. Here’s Why

We recently published 10 Stocks Struggling to Shine Ahead of Christmas. Carvana Co. (NYSE:CVNA) is one of the worst performers on Monday. Carvana extended its losses to a second day on Monday, shedding 3.69 percent to finish at $433.59 apiece as investors appeared to have already priced in its inclusion in the S&P 500. The S&P Dow Jones Indices said that the update officially took effect on the same day, December 22, following an index rebalancing earlier this month. Month-to-date, Carvana Co.’s (NYSE: ...