At last check in after-hours trading, shares of REE Automotive Ltd. (REE) were down -6.79% at $2.06. REE Automotive (REE) stock closed the last session at $2.21, decreasing -3.07% or -$0.07. Shares of the company fluctuated between $2.05 and $2.27 throughout the day. The number of shares exchanged was 1.79 million, lower than the company’s 50-day daily volume of 1.35 million and higher than its Year to date volume of 1.17 million.
In the past 12 months, the company’s stock has advanced -78.61%, and in the last week, the stock has moved down -15.33%. For the last six months, the stock has lost a total of -61.70%, and over the last three months, the stock has decreased by -44.89%. The stock has returned -60.18% so far this year. REE stock is losing ground before presenting in a significant event this week.
Where will REE Automotive be introduced?
REE Automotive (REE) is an auto innovation pioneer whose purpose is to enable businesses to construct any size or state of electric or autonomous car – from Class 1 to Class 6 – for every use and market. REE aspires to serve as the foundation upon which EVs and AVs are built, and envisions a future in which EVs and AVs are ‘Fueled by REE.’
REE Automotive (REE) will present at Work Truck Week 2022, which will be held from March 9-11, 2022.
- REE will present at its corner # 4181, Indiana Convention Center, 100 S Capitol Ave, Indianapolis, IN 46225.
- The occasion is North America’s biggest work truck occasion introduced by NTEA, the Association for the Work Truck Industry.
- The occasion will stamp REE’s presentation of its completely level, measured P7 stage, which was declared at CES 2022.
- REE’s P7 electric vehicle stage is good for vehicle class 3-5, fit for supporting a payload of as much as 8,800 pounds with all-wheel controlling and drive.
- REEcorners are intended for coordination into full vehicles or stages.
- For armada proprietors requiring full vehicle arrangements, REE offers future-sealed mission-explicit plans with a worldwide organization of driving auto accomplices.
- Upfitters and different producers searching for full plan opportunities can likewise join forces with REE for a stripped case or suspension taxis for the most extreme layered adaptability for specialty hardware.
- REE’s methodology offers unparalleled efficiencies for armadas, offering a low, completely level stage, and roughly 35% more freight space for a given impression, all with the least Total Cost of Ownership (TCO) and ideal ergonomic plan for drivers.
- REEcorner innovation packs basic vehicle parts in a solitary smaller module between the undercarriage and the wheel, which makes for improved spare part inventories and assists with keeping a low TCO.
- The P7 stage depends on details from one of the world’s biggest conveyance organizations.
- Models are as of now underway at REE’s UK Engineering Center.
How REE will take part in the event?
Leaders from REE Automotive’s administration, innovation, and product departments will be available for media interviews. REE’s financial backer relations and business group members will be available for meetings.
