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 ...

400tmax/iStock Unreleased via Getty Images Introduction The EV industry is cooling down after a booming few previous years. But there is an underserved segment of the industry, which includes light EV trucks and EV pickups. All notable players are scratching the surface with their young electric models, and Rivian's (NASDAQ:RIVN) strong Q1 production and deliveries growth suggest that its models are quite popular and in high demand. Therefore, there is a good chance that the company's revenue can grow in li ...

Would it surprise you if Rivian's next battle came against tech companies? That's what a recent survey revealed.Rivian Automotive (RIVN -0.10%) has plenty on its plate already. It's battling with slowing demand, refreshing its current R1 vehicles, preparing to launch its upcoming R2 crossover -- and eventually the R3 -- and if that wasn't enough, the company's next battle will be with tech companies.Here's what's happening and why it's important for automakers.Smartphone integrationA recent survey from McKi ...

Rivian (NASDAQ:RIVN) has lost 54% of its value in 2024. There are increasing concerns it can’t survive. Rivian stock is now worth just a little over twice its 2023 sales, or $10.7 billion. That’s still better than Ford Motor (NYSE:F) or General Motors (NYSE:GM), now trading at less than one-third their annual sales. Ford and GM are also profitable. Rivian is not. Far from it. Rivian’s net loss for the first quarter, $1.45 billion, was less than its $1.24 billion of revenue. Updates are expected at a June 27 ...

Rivian's shares have fallen dramatically from their 52-week highs, but don't rush in just yet. The company still has a lot to prove.When Rivian Automotive (RIVN -0.10%) came public, investors were initially excited by its prospects. And then reality set in that building a profitable electric vehicle (EV) company from the ground up might be harder than it seemed. The shares have fallen dramatically from their highs at this point.But before you rush in thinking that you've found a bargain, it is important to ...

While it seems like bad news, remember that even the CEO can sell shares for many reasons.Rivian Automotive (RIVN -0.10%) arguably exited 2023 with more momentum than any electric vehicle (EV) start-up. The company's stock surged 40% this past December on investors' high hopes -- only then to drop 53% so far this year. To say it's been a bit of a roller-coaster ride for Rivian and other EV makers would be an understatement.More recently, Rivian CEO RJ Scaringe made a move that could give some investors paus ...