Arcimoto Inc’s Revolutionary 3-Wheeler Could Juice Its Stock
Arcimoto Stock Could Rally by 260% or More
During the heady days of the COVID-19 pandemic, with near-record-low interest rates fueling growth, tech stocks were the ones to beat. One of the biggest winners at the time was electric vehicle (EV) company Arcimoto Inc (NASDAQ:FUV).
During the March 2020 stock market crash, Arcimoto stock tumbled by approximately 45% and bottomed at $0.96 per share. Over the ensuing quarters, FUV stock came roaring back.
In less than a month, Arcimoto stock had erased all of its pandemic-fueled losses. In February 2021, it hit a record high of $36.80. Between the March 2020 stock market crash and February 2021, FUV stock rocketed by an eyewatering 3,733%.
This post appeared first on Profit Confidential.
Category: Penny Stocks to Watch
