Arrive AI (NASDAQ:ARAI – Get Free Report) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.
Arrive AI Stock Performance
Shares of NASDAQ ARAI opened at $7.75 on Friday.
Insider Transactions at Arrive AI
In related news, CEO Daniel Steven O’toole sold 434,672 shares of the company’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $13.85, for a total transaction of $6,020,207.20. Following the transaction, the chief executive officer now owns 23,143,909 shares of the company’s stock, valued at $320,543,139.65. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Arrive AI Company Profile
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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