6 Things to Know About Atlis Motor Vehicles as AMV Stock Surges Today

  • Atlis Motor Vehicles (AMV) stock is rising without recent news.
  • Instead, heavy trading is sending shares higher today.
  • Let’s get into the details traders need to know about this small electric vehicle (EV) company below!
AMV Stock. Photo of charging port on electric vehicle (EV) plugged into and being charged

Source: shutterstock.com/Nixx Photography

Atlis Motor Vehicles (NASDAQ:AMV) stock is on the move Wednesday despite a lack of news from the electric vehicle (EV) company.

Instead, traders are seeing shares of AMV stock climb higher alongside heavy trading today. As of this writing, more than 3 million shares have changed hands. To put that in perspective, the company’s daily average trading volume is only about 259,000 shares.

Taking into account that low average trading volume, as well as AMV’s price of about $3.60 per share and market capitalization of about $34 million, investors will want to be careful investing in this stock. That’s because the penny stock may be getting targeted by retail traders for a pump and dump — especially considering the lack of news from the company.

For those still interested in AMV stock, though, here are a few facts about Atlis Motor Vehicles to keep in mind!

Atlis Motor Vehicles Details

  • Atlis Motor Vehicles went public without an initial public offering (IPO).
  • Instead, the company elected for a Reg A public listing.
  • Mark Hanchett leads the company as its founder and CEO.
  • Atlis is based out of Mesa, Arizona.
  • In particular, Atlis is focused on developing EV battery technology.
  • The company is also developing its own line of EV work trucks.

AMV stock is up 18.4% as of Wednesday afternoon.

Investors looking for more of the latest stock market news will want to stick around!

InvestorPlace has all of that news ready to go in one place! Among that is what has shares of Vivos Therapeutics (NASDAQ:VVOS), Cryptyde (NASDAQ:TYDE) and Tesla (NASDAQ:TSLA) stock moving today. You can find out more at the links below!

More Wednesday Stock Market News

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Read More:Penny Stocks — How to Profit Without Getting Scammed

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2023/01/6-things-to-know-about-atlis-motor-vehicles-as-amv-stock-surges-today/.

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