Why Shares of Arrival Are Plunging Today
While the S&P 500 and Dow Jones Industrial Average are down nominally today, shares of Arrival (NASDAQ: ARVL) are falling precipitously. The company missed third-quarter 2021 expectations and reported a loss per share of $0.07 -- slightly lower than the $0.06 loss that analysts were expecting. But it's not only that: Investors are likely pumping the brakes after learning of the company's increasingly cautious near-term outlook.
As of 10:22 a.m. EST, shares of Arrival have slid 25.2% lower.
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Source Fool.com
