NEW YORK, July 14, 2024 (GLOBE NEWSWIRE) -- 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 arrangeme ...

Stocks are up but has anything changed?Electric vehicle (EV) stocks have come bouncing back to life this week, following a rough week for most of the industry to start July. This week, it was both a rising market and falling interest rates that had investors excited about the market.According to data provided by S&P Global Market Intelligence, shares of Rivian (RIVN 8.05%) rose as much as 22.1% this week; Nikola (NKLA -0.10%) jumped 12.6%; and charging company Blink Charging (BLNK 5.46%) was up 10.6% at its ...

Thanks again to Volkswagen, Rivian's stock is soaring.Rivian Automotive (RIVN 11.07%) stock is wrapping up the trading week on a high note, revving 10% higher to over $18 as of 12:30 p.m. ET -- and for a most surprising reason:This morning, investment bank Mizuho raised its price target on Rivian...to $15 a share. What Mizuho said about RivianLet me repeat that: Rivian stock closed at more than $16 last night. Mizuho just said it's only worth $15 (and gave the shares only a neutral rating -- not a buy). And ...

Mizuho analyst Vijay Rakesh just raised his Rivian (NASDAQ:RIVN) stock price target to $15 from $11, although that still represents a discount from current prices. The analyst reiterated his “neutral” rating.Rakesh noted that Rivian’s June deliveries of 13,790 vehicles surpassed the consensus analyst estimate for approximately 11,500 deliveries. At the same time, Rivian reiterated its 2024 delivery guidance for growth of low-single digits, which Rakesh believes is below the average analyst estimate for 6% g ...

NEW YORK, July 12, 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=90344&from=4 CLASS PERIOD: Augus ...

Rivian Automotive (NASDAQ:RIVN) is in the middle of a tremendous run higher. A partnership with Volkswagen (OTCMKTS:VWAGY) will infuse billions into the electric vehicle automaker and give it an ownership stake in the company.The EV industry itself is showing life, with many automakers reporting robust deliveries for the second quarter. Many are reading this as the reported death of electric cars is greatly exaggerated.Yet Rivian itself isn’t really benefiting, at least not with its electric SUVs. The VW de ...

That $5 billion comes with a lot of caveats.In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down the recent (up to) $5 billion investment that Volkswagen (VWAGY 2.09%) committed to electric car maker Rivian Automotive (RIVN 0.03%).*Stock prices used were from the afternoon of June 25, 2024. The video was published on July 9, 2024. ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- 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=89655&from=3 CLASS PERIOD ...

Shares of Rivian Automotive (NASDAQ:RIVN) are rallying hard after the electric vehicle startup received some good news. However, even a near 30% gain can’t cover-up the fundamental problems with Rivian stock.Rivian stock has increased 28% since mid-June on news that German automotive giant Volkswagen (OTCMKTS:VWAPY) is investing up to $5 billion in the electric vehicle maker. Investors have responded strongly to news of the Volkswagen partnership and cash infusion, but the recent rally can’t paper over the ...

Management Changes - Rivian's Chief Accounting Officer (CAO) Jeff Baker will resign on July 27, 2024, to pursue other opportunities [1] - Baker's resignation is not due to any disagreement with the company regarding financial reporting, operations, policies, or practices [1] - Chief Financial Officer Claire McDonough will serve as interim CAO while Rivian searches for a permanent replacement [2] Insider Activity - Jeff Baker sold 31,425 shares at an average price of $13.18 on March 11, 2024, totaling $414,219, leaving him with 52,415 shares [1] - Rivian insiders have sold $2.5 million worth of shares over the past year with no insider purchases [1] Production and Delivery Performance - Rivian's Q2 2024 deliveries increased by 9.1% to 13,790 vehicles, surpassing analyst estimates by 14.9% [2] - Production declined by 31.3% to 9,612 vehicles due to a month-long shutdown in April for facility upgrades [2] - The company expects a 30% improvement in production efficiency following the upgrades [3] Production Guidance and Catalysts - Rivian reiterated its 2024 production guidance of 57,000 vehicles [3] - As of June 30, 2024, Rivian has produced 23,952 vehicles, requiring an additional 33,048 vehicles to meet its annual target [3] - The company will report its Q2 2024 earnings on August 6, 2024 [3]