NEW YORK, June 5, 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=82724&from=4CLASS PERIOD: March 1 ...

NEW YORK, June 04, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP: Do you, or did you, own shares of Rivian Automotive, Inc. (NASDAQ: RIVN)?Did you purchase your shares between August 12, 2022 and February 21, 2024, inclusive?Did you lose money in your investment in Rivian Automotive, Inc.?Do you want to discuss your rights? Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Rivian Automotive, Inc. (“Rivi ...

Down 86% from its IPO, Rivian Automotive (NASDAQ:RIVN) may not be the first EV stock most investors point to for growth. In fact, the deteriorating nature of the Rivian stock price over time has pushed many investors away. Indeed, 2024 hasn’t been a positive year for EV stocks, as macro tailwinds take a toll on this sector.Rivian’s overall lineup continues to grow, and I like the look of its vehicles. And while adoption is picking up, manufacturing and production related issues have hampered the company in ...

Margins are already negative, and recent price cuts won't help Rivian improve financial results.Rivian (RIVN -0.19%) is struggling to make money selling vehicles as demand falls behind supply. That's resulted in discounts of inventory, which could make the company's financial problems worse. Travis Hoium covers the trend and the precedent in this video.*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024. ...

Rivian went public in 2021. If you had invested the day of the IPO, how much would you have now?Rivian (RIVN 4.92%) stock went public in 2021 to great fanfare. At the time, shares traded at a price-to-sales ratio of 60. That type of valuation is typically reserved only for hypergrowth companies. If you had put $500 into Rivian stock the day it went public, how much would you have right now? The answer might surprise you.A $500 investment in Rivian would now be worth this muchInvesting in growth stocks can b ...

Rivian stock has been on a roller-coaster ride since going public in 2021. Is it too late to buy in?Since going public in 2021, Rivian (RIVN 4.92%) has worked hard to become a household name. It's not quite there, but it is gaining recognition. The company recently received a J.D. Power award for most satisfying ownership experience. And Consumer Reports just named it one of the most beloved car brands, with 86% of owners saying they'd buy a Rivian again. The increased hype is driving impressive sales growt ...

Rivian (NASDAQ:RIVN) announced this week that it has entered into an agreement with renewables company Pivot Energy to purchase renewable energy certificates. This is part of its plan to ensure that its Normal, Illinois plant runs on 100% renewable energy by 2030. Pivot Energy will provide 60 megawatts direct current for community solar projects in Illinois. Rivian has put forward plans to buy renewable energy certificates from a 50 megawatts direct current development as part of the deal.Rivian is among th ...

These two stocks look well-positioned for the long term despite difficult starts to 2024.Electric vehicle (EV) stocks have had a difficult start to 2024, as industry sales growth has slowed. In addition, there are now more EV brands for consumers to choose from, as both legacy automakers and new upstarts have entered the market. Nonetheless, EV stocks still hold some strong potential over the long term.Let's look at two EV stocks that could be the best performers through 2030.TeslaThis year hasn't been kind ...

NEW YORK, May 23, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Rivian Automotive, Inc. ("Rivian " or the "Company") (NASDAQ: RIVN) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Rivian investors who were adversely affected by alleged securities fraud between March 1, 2023 and February 21, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/rivian-automotive-inc-lawsui ...

Don't give up yet on this beaten-down electric vehicle stock.Rivian Automotive (RIVN -2.24%) was one of the market's hottest stocks when it went public in November of 2021. Its stock more than doubled from its initial public offering (IPO) of $78 to its all-time high of $172.01 just a week later. At the time, investors were impressed by its production rates and its firm support from Amazon and Ford Motor.But as of this writing, Rivian's stock trades at about $10. It lost its luster as it missed its own prod ...