Arrival (NASDAQ:ARVL) dropped 3.2% during mid-day trading on Tuesday . The stock traded as low as $15.18 and last traded at $15.18. Approximately 4,512 shares were traded during trading, a decline of 100% from the average daily volume of 1,700,925 shares. The stock had previously closed at $15.68.

Separately, Cowen initiated coverage on Arrival in a report on Monday. They set an “outperform” rating on the stock.

About Arrival (NASDAQ:ARVL)

Arrival Limited operates in the automotive industry. It designs, creates, and assembles electric vehicles. The company was founded in 2015 and is headquartered in London, the United Kingdom.

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