Arrive AI Inc. (NASDAQ:ARAI - Get Free Report) CEO Daniel Steven O'toole sold 434,672 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $13.85, for a total transaction of $6,020,207.20. Following the completion of the sale, the chief executive officer now directly owns 23,143,909 shares in the company, valued at $320,543,139.65. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Arrive AI Stock Performance
NASDAQ:ARAI traded down $0.53 during trading hours on Tuesday, reaching $6.72. 461,781 shares of the company were exchanged, compared to its average volume of 2,543,837. Arrive AI Inc. has a twelve month low of $4.61 and a twelve month high of $40.00.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Arrive AI to a "hold" rating in a research note on Saturday.
Check Out Our Latest Analysis on Arrive AI
Arrive AI Company Profile
(
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We were incorporated on April 30, 2020, in the State of Delaware under the name of Dronedek Corporation. The Company changed its name to Arrive Technology Inc on July 27, 2023. The Company changed its name to Arrive AI Inc on September 30, 2024. We are a developmental technology company with a focus on designing and implementing a commercially viable smart mailbox and platform system for smart, secure, and seamless exchange of packages, goods, supplies, food, and medications between people, through the use of robots, and drones.
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