Atlis Motor Vehicles (NASDAQ:AMV) stock rocketed 60% in early trading Thursday, continuing its rocky post-IPO ride.
Shares of the EV truck and battery maker opened at $12.50. The stock recently changed hands at $20, up 60% from Wednesday’s close, at approximately 10:00 a.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.
Image and article originally from seekingalpha.com. Read the original article here.