Why Arrival Stock Sank Friday

·2 min read
Why Arrival Stock Sank Friday

Arrival (NASDAQ: ARVL) is one of many fledgling electric vehicle (EV) companies that merged with a blank check company to raise funds and go public in 2021. The company has aspirations to supply zero-emission electric buses to municipalities and commercial vans to businesses. The sell-off in Arrival stock is continuing today, with shares down 12.4% as of 1:56 p.m. ET.

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