CCNC - What Is Going on With Atlis Motor Vehicles (AMV) Stock Today?
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Atlis Motor Vehicles (NASDAQ:AMV) stock continues its recent wild ride on Thursday with the company’s shares seeing massive gains!
Atlis Motor Vehicles is still an incredibly new name in the public market. The electric vehicle (EV) company held an initial public offering (IPO) late last month. However, it wasn’t through the typical means. Instead, it held a Registration A offering, which saw previously private shares added to the public exchange.
There’s been quite a bit of volatility surrounding IPOs lately and AMV stock hasn’t been immune to it. Since the IPO, shares of the EV company’s stock have seen major drops. However, that’s turning around with today’s stock movement.
Can AMV Stock Keep Today’s Momentum?
That remains to be seen. The company has a solid plan in mind with its initial focus on making EV batteries. It wants to expand from there to start developing and manufacturing its own electric work trucks.
While Atlis Motor Vehicles doesn’t have any revenue or earnings yet, it does have 30 patent applications surrounding its products. Adding to that is its current EV battery, which can reach full charge in just 15 minutes. This would see use in its planned pickup truck with an estimated radius of 500 miles per charge.
All of these factors might explain why AMV stock is seeing heavy trading today. As of this writing, over 4 million shares have changed hands. That’s quite the leap from its daily average trading volume of nearly 269,000 shares.
AMV stock is up 107.5% as of Thursday afternoon.
Investors seeking out more stock market news today are in luck!
We’ve got all the hottest stock stories worth reading about on Thursday! Among that is why shares of Rumble (NASDAQ:RUM), Code Chain New Continent (NASDAQ:CCNC), and Statera Biopharma (NASDAQ:STAB) stock are moving today. You can get all those details from the links below!
More Thursday Stock Market News
- RUM Stock vs. DWAC Stock: Which Will Survive If Musk Buys Twitter?
- Why Is Code Chain New Continent (CCNC) Stock Up 102% Today?
- What Is Going on With Statera (STAB) Stock Today?
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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