Investors in Arrival (NASDAQ: ARVL) were treated to a pleasant surprise Tuesday morning when shares of the electric vehicle (EV) start-up skyrocketed as high as 14.1% at one point in early trading.
Those gains quickly faded, though, as the stock markets slipped into the negative territory. Arrival stock was barely in the green by 11:30 a.m. ET, but it pays to know what sent the penny stock so high.
Arrival released its first-quarter earnings report this morning. For a change, the embattled EV maker had some good news to share with investors.
For further details see:
Why Arrival Stock Jumped 14% Early Today