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Arcimoto stock price more than doubles in one day

Pete Danko
Arcimoto stock price more than doubles in one day

Arcimoto investors got quite a valentine on Thursday. The company’s stock, stuck well under its IPO price of $6.50 since it was listed on Nasdaq in September 2017, more than doubled on Thursday, closing the day at $7.10. The latest news from the Eugene company came a week ago, when it said it would soon begin retail sales of its three-wheeled, electric “Fun Utility Vehicle.” But that hadn't moved the stock — it remained in the $3.20 to $3.40 range through Wednesday this week.