Many investors are well aware that there’s a very bearish environment building for most EV stocks in the market right now. Rivian (NASDAQ:RIVN) has certainly participated in this year’s decline, with RIVN stock dropping nearly 60% since the start of the year, outpacing most of its larger-cap peers.Today, RIVN stock is seeing even more downside, dropping another 2% on news of a key analyst price target cut. Barclays cut its price target on Rivian from $12 to $10 per share, citing a range of competitive press ...

Even after announcing another round of job cuts, Rivian Automotive (NASDAQ:RIVN) stock is rising today. In February 2024, the electric vehicle (EV) producer reduced its salaried workforce by 10%. Yesterday, it announced plans to lay off even more workers. This time around, though, the Rivian layoffs are much less significant. Only 1% of its jobs are being eliminated in a clear attempt to reduce costs as the EV market continues to struggle. But this news isn’t impacting RIVN stock, which has been rising sinc ...

The most recent trading session ended with Rivian Automotive (RIVN) standing at $8.74, reflecting a +0.34% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.58%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 1.15%.The the stock of a manufacturer of motor vehicles and passenger cars has fallen by 22.65% in the past month, lagging the Auto-Tires-Trucks sector's loss of 3.4% and the S&P 500's loss of 1.09%.The investment community will be pa ...

After a difficult week, Rivian Automotive (NASDAQ:RIVN) stock is back in the green today. The electric truck producer hasn’t reported anything positive today, but this pop may be the start of something investors have been waiting for. Some reports indicate that a Rivian short squeeze could be coming and if it is, investors should be watching the electric vehicle (EV) stock closely. Given how much the EV market is struggling right now, momentum has to be powerful to elevate a name like RIVN stock, which has ...

Rivian is undergoing another round of layoffs.Its the company's fourth wave of job cuts in recent years.Over a dozen employees have begun posting about the layoffs on LinkedIn. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy ...

Rivian stock is near an all-time low, and there may be catalysts ahead.One Wall Street analyst thinks Rivian Automotive (RIVN 2.33%) stock has dropped far enough. UBS analyst Joseph Spak upgraded the stock of the electric vehicle (EV) maker on Tuesday, and implied there could be another upgrade ahead.Spak addressed both a short-term view as well as a specific catalyst that could drive Rivian shares higher over the long term. After Rivian stock has dropped by more than 50% in the last three months, Spak upgr ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Sometimes the Street focuses on the wrong metrics and gets worried about problems that, in the long run, are actually pretty insignificant. For example, I remember that in the early 2010s, many investors were very concerned about Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) margins and spending. Of course, the firm (then known as Google) wound up growing tremendously, making those issues inconsequential. I believe that a similar phenomenon is occurring now with electric-vehicle maker Rivian stock (NASDAQ:RIVN), S ...

After struggling throughout this year due to myriad headwinds, electric vehicle (EV) manufacturer Rivian (NASDAQ:RIVN) finally caught some relatively good news. UBS analysts are no longer directly bearish on RIVN stock. Nevertheless, the upstart EV maker faces competitive concerns that cloud the overall narrative.According to a Barron’s report, UBS analyst Joe Spak upgraded RIVN stock to “hold” from “sell” while leaving the price target as is at $9. As Barron’s senior writer Allen Root wryly pointed out, Sp ...

Is Rivian stock a short-squeeze candidate? UBS seems to think it is.Investors in Rivian Automotive (RIVN 3.82%) got a rare bit of good news on Tuesday. After falling for four straight days -- including a sharp drop yesterday on news the electric-car market has gotten so bad that Tesla (TSLA -2.89%) must lay off 10% of its workers -- shares of Rivian jumped 4.3% through noon ET today.One bank says Rivian is no longer a sellUp until yesterday, investment bank UBS had Rivian stock pegged for a sell rating and ...