Shares of Arrival (NASDAQ:ARVL – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $1.37 and last traded at $1.37, with a volume of 94028 shares traded. The stock had previously closed at $1.53.
Separately, Barclays reduced their price objective on Arrival from $20.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, March 10th.
The firm has a 50-day moving average price of $2.24 and a two-hundred day moving average price of $4.26.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky boosted its position in Arrival by 86.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 266,399 shares of the company’s stock valued at $994,000 after purchasing an additional 123,233 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Arrival by 66.8% during the first quarter. Advisors Asset Management Inc. now owns 35,241 shares of the company’s stock valued at $131,000 after purchasing an additional 14,118 shares during the last quarter. Quantbot Technologies LP boosted its position in Arrival by 277.7% during the first quarter. Quantbot Technologies LP now owns 31,700 shares of the company’s stock valued at $118,000 after purchasing an additional 23,306 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Arrival during the first quarter valued at approximately $120,000. Finally, Captrust Financial Advisors raised its stake in Arrival by 93.3% in the first quarter. Captrust Financial Advisors now owns 29,000 shares of the company’s stock valued at $108,000 after buying an additional 14,000 shares during the period. 9.72% of the stock is owned by hedge funds and other institutional investors.
Arrival Company Profile (NASDAQ:ARVL)
Arrival engages in the research and development, and design of commercial electric vehicles (EVs), EVs components, robotic manufacturing processes for EVs, and associated software in the United Kingdom, the United States, Russia, and internationally. Its products portfolio includes commercial EV vans, buses, and cars.
- Get a free copy of the StockNews.com research report on Arrival (ARVL)
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