Arrival (NASDAQ:ARVL) Stock Price Down 33.7%

Arrival (NASDAQ:ARVL) dropped 33.7% on Monday . The company traded as low as $0.48 and last traded at $0.49. Approximately 2,474,700 shares were traded during mid-day trading, an increase of 684% from the average daily volume of 315,558 shares. The stock had previously closed at $0.74.

Arrival Trading Down 33.7 %

The company has a fifty day moving average of $0.29 and a 200-day moving average of $0.84.

Institutional Trading of Arrival

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates bought a new stake in Arrival in the first quarter worth $42,000. Captrust Financial Advisors raised its stake in shares of Arrival by 51.9% in the 2nd quarter. Captrust Financial Advisors now owns 44,050 shares of the company’s stock valued at $70,000 after acquiring an additional 15,050 shares in the last quarter. Geode Capital Management LLC boosted its position in Arrival by 92.0% during the fourth quarter. Geode Capital Management LLC now owns 501,750 shares of the company’s stock worth $80,000 after purchasing an additional 240,472 shares during the period. Norges Bank acquired a new position in Arrival during the fourth quarter valued at approximately $103,000. Finally, Vanguard Group Inc. lifted its stake in shares of Arrival by 68.4% in the third quarter. Vanguard Group Inc. now owns 137,086 shares of the company’s stock worth $111,000 after buying an additional 55,700 shares during the last quarter.

Arrival Company Profile

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.