Why NIO, Churchill Capital IV, and Arcimoto Stocks Jumped Today

Investors took a break from aggressive and more risky names earlier this year, but sentiment has been rotating back into sectors including electric vehicles (EVs) recently. Three names that are moving higher today are NIO (NYSE: NIO), Churchill Capital IV (NYSE: CCIV) (which will be bringing Lucid Motors public), and three-wheeled specialty EV maker Arcimoto (NASDAQ: FUV). As of 3:15 p.m. EDT, shares of NIO were up 3.5%, while the stocks of Churchill Capital and Arcimoto were 5.7% and 10.1% higher, respectively. 

Those gains are continuing a monthlong trend for these names: 

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Source Fool.com