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What Motivated ARVL Stock To Continue Rally In Extended Trading?

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Shares of Arrival (ARVL), a global company creating electric vehicles (“EVs”) with its game-changing technologies, rose 7.44% to trade at $21.38 in after-market trading. In Tuesday’s session, Arrival stock closed at $19.90, an increase of 5.96%.

There were 4.52 million shares of ARVL stock traded on Tuesday, which was above the average daily volume within the last 50 days of 2.25 million. The ARVL stock rose following a presentation at a virtual investor conference.

What events has ARVL presented at?

By introducing a new approach to electric vehicle design and assembling, Arrival is reinventing the automotive industry. ARVL is a global company with headquarters in London, UK, and Charlotte, North Carolina, USA.

Currently, ARVL has more than 1,900 employees in locations throughout the United States, Germany, the Netherlands, Israel, Russia, and Luxembourg. The company has opened four microfactories to date in North Carolina, South Carolina, Bicester, UK, and Madrid, Spain.

Arrival yesterday presented at Edison Group’s “Future of Transportation” Open House. In the last week, ARVL announced its representatives would be presenting at the following virtual investor conferences:

  • Edison Group’s “Future of Transportation” Open House with ARVL to present on Tuesday, June 15 at 7:00 am BST.
  • Other event at which ARVL will be presenting is Deutsche Bank Global Auto Industry Conference with ARVL schedule to present on Thursday, June 17 at 7:30 am ET/12:30 pm BST.
  • A live webcast of the events will be available at the investor relations section of the Company’s website, investors.arrival.com.

Other developments at ARVL:

Earlier this week, Bloomberg reported that Arrival (ARVL) founder Denis Sverdlov pledged a chunk of his electric-vehicle maker’s equity to secure financing from Citigroup Inc. As part of a credit facility with the bank, the billionaire’s investment firm pledged almost 7% of his ARVL shares as collateral, according to a regulatory filing. The valuation of the stake was about $630 million, and extra collateral in the form of ARVL stocks worth a total of almost $900 million was also made available for the lending agreement.

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