Initial public offering hologram, night panoramic city view of Bangkok. The financial center for multinational corporations in Asia. The concept of boosting the growth by IPO process. Double exposure.

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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.

By admin