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Atlis Motor Vehicles (NASDAQ:AMV) stock rocketed over 100% in early afternoon trading Thursday, continuing its rocky post-IPO ride.
Shares of the EV truck and battery maker opened at $12.50, hitting a high of $30.99 in late morning. The stock recently changed hands at $26.77, up 114% from Wednesday’s close, at approximately 12:15 p.m. ET.
Atlis shares have been highly volatile since the company listed its shares for $27.50 per share via a Regulation A filing on Sept. 27. The stock rallied nearly 200% following its debut, later reaching an all-time high of $243.99 on Sept. 28.
The stock has trended downward since, hitting an all-time low of $12.05 on Wednesday.
For more IPO news, check out SA’s IPO News page.
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Image and article originally from seekingalpha.com. Read the original article here.