Phoenix Motor Stock Gains 25%

Shares of Phoenix Motor Inc. (PEV) are gaining over 25% on Wednesday morning despite no stock-related news to drive the shares.

PEV is currently trading at $4.2936, up $0.8736 or 25.54%, on the Nasdaq. The stock opened its trading at $3.51 after closing Tuesday's trading at $3.42. The stock has traded between $2.90 and $6.50 in the past 52-week period.

Phoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks.

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