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RIVN Stock Alert: 5 Investors Betting Big on Rivian Automotive
investorplace.com· 2024-05-20 15:50
Rivian (NASDAQ:RIVN) stock is down by about 50% so far this year as the electric vehicle (EV) company deals with price wars, a preference of hybrids over EVs and high interest rates. Now, with the first-quarter 13F deadline past us, retail investors are able to gauge how institutional investors feel about these issues.Rivian disappointed investors after guiding for the production of 57,000 vehicles in 2024. That represents a slight decline from 2023 when the company produced 57,232 vehicles. Revenue was a b ...
3 Things Going for Rivian Right Now
fool.com· 2024-05-20 05:44
We've all heard the bad news surrounding the EV industry, but here are three things Rivian has in its favor right now.At a time when a couple of start-up electric vehicle (EV) makers are in bankruptcy restructurings, others such as Fisker are nearing a similar fate, high interest rates are hindering consumers, and the high-end EV market is saturated; there's plenty of bad news for investors to digest. With that said, let's dig into a few things Rivian (RIVN 3.65%) has going for it.Retooling successInvestors ...
What Is the Highest Price of Rivian Stock Ever?
fool.com· 2024-05-19 18:48
This EV stock has traveled a long road down over the past two years.Shortly after Rivian Automotive (RIVN 3.65%) raced onto the scene with its initial public offering (IPO), investors rushed to hitch a ride with the upstart electric vehicle (EV) maker. With plans to offer an electric pickup truck, Rivian captured the hearts of investors, who recognized the stock as a great growth opportunity, and Rivian shares, subsequently, soared.But it wasn't long before they hit some bumps in the road. For investors who ...
Rivian: Turning The Corner
seekingalpha.com· 2024-05-19 06:52
Sundry PhotographyInvestment Thesis In the last year, Rivian Automotive's (NASDAQ:RIVN) stock has fallen roughly 22%. While the market is bearish, I have maintained a bullish stance since last year. Despite the drop in their stock price, I believe the company executed well in the first quarter of 2024. In this first quarter, Rivian produced 13,980 vehicles and delivered 13,588 units from their plant in Normal, Illinois, with total production and delivery in line with their expectations. While these resu ...
Rivian: 80% Of Market Value Is Now Cash
seekingalpha.com· 2024-05-18 11:02
hapabapa Rivian Automotive Inc. (NASDAQ:RIVN) released its quarterly earnings on May 7, 2024 and reported a wider-than-anticipated loss for 1Q24 amid an underwhelming production ramp. The electric-vehicle maker lost $1.45 billion in 1Q24 amid high production expenses; however, Rivian Automotive did succeed in growing its sales which were up 82.1% YoY. Taking into account Rivian Automotive’s high cash burn and ongoing losses, I think that investors will likely see more dilution in the coming quarters. Ri ...
ROSEN, A RANKED AND LEADING FIRM, Encourages Rivian Automotive, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - RIVN
prnewswire.com· 2024-05-17 00:30
NEW YORK, May 16, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between March 1, 2023 and February 21, 2024, both dates inclusive (the "Class Period"), of the important June 18, 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 TO ...
Is Rivian Stock Going to $15? 1 Wall Street Analyst Thinks So.
The Motley Fool· 2024-05-14 15:13
Rivian bulls are betting on the wrong numbers.Investors in Rivian Automotive (RIVN 5.25%) had a rough week, as the electric truck stock sank slowly but surely below $10 after the company issued a disappointing "earnings" report -- a report that featured no earnings at all, but rather $1.45 per share in losses.Despite the bad news, however, Cantor Fitzgerald analyst Andres Sheppard came out with a prediction last Wednesday: Within 12 months, Rivian stock will soar 50% to close at $15 a share. Is Rivian stock ...
Rivian Stock Analysis: Get Yourself Some When RIVN Falls to This Price
InvestorPlace· 2024-05-14 10:50
I’ll admit, it’s not an easy time to invest in electric vehicle startups. However, I’m inviting you to take a serious look at Rivian Automotive (NASDAQ:RIVN). Rivian stock is out of favor right now, but that’s why you should consider it for a small portfolio position. Rivian Automotive has an important financial goal that could be achieved before the year is over. So, be patient and don’t get pulled into a bear trap, as Rivian’s buy-and-hold investors will prevail eventually.A Huge Incentive Package for Riv ...
Baillie Gifford Loaded Up on Rivian (RIVN) Stock in Q1
InvestorPlace· 2024-05-13 17:39
While institutional investors aren’t required to file their first-quarter Form 13F until May 15, Baillie Gifford has, in usual fashion, filed its form ahead of the deadline. A 13F is a quarterly filing that reveals the equity and option trades of an institutional investor.During the quarter, Baillie upped its stake in Rivian (NASDAQ:RIVN) stock by 714%, picking up 22.19 million shares compared to its Q4 ownership of 3.10 million shares. RIVN is now the firm’s 86th-largest position.On another note, Baillie c ...
Rivian Stock Has Been on Fire. Is It Too Late to Buy?
The Motley Fool· 2024-05-13 16:19
The shares have been on a roll, and today's news is keeping it going.The stock of Rivian Automotive (RIVN 9.66%) is jumping again on Monday. Shares of the electric vehicle (EV) maker popped as much as 12% in early trading today to start the week. That jump kept the momentum going for Rivian shares.The stock has soared by more than 30% since mid-April. That move came after the company introduced its next-generation lineup of midsize electric SUVs in March and after a large funding grant from the State of Ill ...