Tuesday, June 25th, 2024The reversion to the mean we saw during today’s pre-market remained throughout today’s trading session. After seeing the blue-chip Dow rise in each of the last five days, today it gave back -299 points, -0.76%. Meanwhile, both the S&P 500 and Nasdaq were in for the first time in four sessions, +0.39% and +1.26%, respectively — and led by NVIDIA’s (NVDA) reversal from yesterday: dropping -6.6% Monday and +6.7% Tuesday. The small-cap Russell 2000 dropped -0.41% today.Ahead of the open, ...

VW Group will invest $1 billion into EV startup Rivian as part of a software development deal that could expand to as much as $5 billion.The deal, which was announced Tuesday afternoon, sent Rivian’s shares up more than 36% in after-hours trading. The two companies will create a joint venture focused on next-generation electrical architecture and software technology. Under the deal, VW Group will use Rivian’s existing electrical architecture and software platform. Initially, VW will invest $1 billion into ...

After encountering some rough trading sessions, electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ:RIVN) enjoyed a strong performance on Tuesday. Part of the sentiment may be attributed to Guggenheim. The bank’s analysts earlier in the day initiated coverage of RIVN stock with an optimistic view and per-share price forecast.According to Investing, the Wall Street experts rated Rivian shares a “buy” with an $18 price target. In a research note to clients, the investment firm remarked that it’s opti ...

One Wall Street analyst sees more than 60% upside for Rivian stock.Shares of Rivian Automotive (RIVN 8.27%) jumped today after one Wall Street analyst began coverage and reinforced some positive projections from the electric vehicle (EV) maker. Rivian's management has previously said it expects to achieve positive gross profit in the fourth quarter.Investors reacted to the new analyst coverage positively. Rivian shares were popping higher by 7.3% as of 2 p.m. ET.Buy Rivian ahead of its Investor DayThe compa ...

Guggenheim initiated coverage on Rivian Automotive Inc (NASDAQ:RIVN) before the bell today, rating it a "buy" with a price target of $18. The firm cited a "compelling catalyst path" for the electric vehicle (EV) name, which is expected to post positive gross profit for the first time in the fourth quarter after gaining its footing in the industry. At last glance, RIVN was up 5.3% at $11.59, after last session bouncing off the $10 level, which provided support since mid-May. The 50-day moving average is acti ...

Loading...Loading...Shares of Rivian Automotive, Inc. RIVN are rising in premarket trading on Tuesday as they react to a positive analyst action.The Analyst: Guggenheim Securities analyst Ronald Jewsikow initiated coverage of the electric-vehicle startup with a Buy rating and a $18 price target, StreetInsider reported. The optimism is reportedly premised on a “compelling catalyst path that supports the firm’s R2/R3 optimism thesis.”Rivian hasn’t been immune to the EV industry-wide demand slowdown, and the c ...

NEW YORK, June 25, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rivian Automotive, Inc. (NASDAQ: RIVN).Shareholders who purchased shares of RIVN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rivian-automotive-inc-loss-submission-form-2/?id=87105&from=4 CLASS PERIOD: Augus ...

The see-sawing shares of Rivian Automotive (NASDAQ:RIVN) — an upstart electric-vehicle (EV) manufacturer — have essentially come full circle. In late February of this year, Rivian stock was trading hands at just over $10. An initial dead-cat bounce failed, leading to single-digit pricing. But soon enough, the speculative bulls latched onto the relatively discounted deal and raised the valuation.However, after hitting a technical wall around the $12 level, Rivian stock started to retreat. In the business wee ...

NEW YORK, June 24, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between August 12, 2022 and February 21, 2024, both dates inclusive (the "Class Period"), of the important July 30, 2024 lead plaintiff deadline.So what: If you purchased Rivian securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What ...

For investors, the future looks much brighter than the past.The stock of Rivian Automotive (RIVN -0.10%) has floundered since hitting public markets in late 2021, losing more than 90% of its value in just over two years. Industrywide weakness can take the blame for some of these declines in the electric vehicle (EV) business. But Rivian also faces company-specific challenges that have made it particularly vulnerable to the poor macroeconomic environment. Let's discuss how the struggling automaker might perf ...