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Why Arrival Stock Jumped 14% Early Today

TheMotleyFool

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Why Arrival Stock Jumped 14% Early TodayPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

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.

Source Fool.com

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