Loading...Loading...Electric vehicle maker Rivian Automotive, Inc. RIVN is poised to extend its gains on Wednesday, with the upward momentum likely accelerating. Rivian announced Tuesday plans to form an equally controlled and owned joint venture with Volkswagen AG’s VWAGY U.S. subsidiary to create next-generation electrical architecture and best-in-class software technology.As part of the plan, the German company will invest $1 billion in Rivian, with up to $4 billion in planned additional investment for a ...

With the impressive gains Rivian Automotive (NASDAQ: RIVN) has experienced in the pre-market by adding almost 50% to its price, the news has quickly gripped the EV investor community.However, it seems that RIVN stock has already been the victim of insider trading. A single trader bought $14 call options and $13 call options, both set to expire on June 28. If Rivian’s stock, currently trading at $16.95 in the pre-market, maintains its upward momentum, the holder of these options stands to make substantial pr ...

Just as the rest of the electric vehicle (EV) sector, Rivian (NASDAQ: RIVN) recorded a negative performance on a year-to-date basis, losing 43% of its stock value in the process.But, on June 25, everything changed overnight, as RIVN stock added almost 50% in the pre-market trading on the news of a $5 billion investment from the German automaker Volkswagen (ETR: VOW3).RIVN stock 24-hour price chart. Source: Google FinanceThis gain means that Rivian’s market cap rose by $6 billion in a matter of hours after t ...

Volkswagen shares declined after the German automaker announced a joint venture with Rivian Automotive to develop vehicle software, evidence of the moves the company is making to bolster its technology.VW late on Tuesday reached the pact that calls for an outlay of up to $5 billion — a $1 billion convertible bond investment into Rivian, another $1 billion to set up the venture, and up to $2 billion in equity investments into Rivian and as much as another $1 billion into the venture.While Rivian RIVN, +8.63% ...

NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Gritstone bio, Inc. (NASDAQ: GRTS), and Rivian Automotive, Inc. (NASDAQ: RIVN). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided. Gritstone bio, Inc. (NASDAQ: GRTS) Class Period: Mar ...

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 ...