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Why Shares of Arcimoto Jumped Again Today

TheMotleyFool

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Why Shares of Arcimoto Jumped Again Today

The stock of Arcimoto (NASDAQ: FUV), a maker of electric three-wheeled vehicles, soared 26% earlier in the day today, but has settled back some after a five-day run that had seen them double. Shares are now up 7%, as of 3:30 p.m. EST.

The company's shares have been on a recent tear, along with those of fellow specialty electric three-wheeler maker Electrameccanica Vehicles (NASDAQ: SOLO). Here is the astounding weekly -- as in last five days -- chart of these two stocks.