NEW YORK, July 02, 2024 (GLOBE NEWSWIRE) -- 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 August 12, 2022 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-i ...

Investors were happy to see Rivian's vehicle production and deliveries outpace the company's estimates.Share prices of the electric automaker Rivian Automotive (RIVN 4.60%) were rising Tuesday after the company released second-quarter delivery numbers that were better than expected. The good news comes on the heels of a new joint venture with Volkswagen that's worth up to $5 billion for Rivian.Rivian's stock price was up by as much as 6.5% Tuesday and was trading 4.2% higher as of noon EDT.Deliveries topped ...

Electric vehicle (EV) maker Rivian (NASDAQ:RIVN) had its price target raised by RBC Capital following its deal with Volkswagen (OTCMKTS:VWAGY).The German auto giant formed a joint venture with the American company that could be worth $5 billion. Volkswagen is putting $1 billion of cash into Rivian and forming a joint venture around its technology both companies will draw from.The deal initially sent RIVN stock up 25%, but it has since fallen back. It opened today at $14.26 per share, with a market capitaliz ...

U.S. electric vehicle (EV) maker Rivian Automotive (RIVN) hogged the limelight last week with two major developments. First, it announced a massive deal with Germany-based auto giant Volkswagen (VWAGY) . Second, it held its 2024 Investor Day, focusing on its plans for cost-cutting and production efficiency.Shares of Rivian got an immediate boost from a capital injection decision by Volkswagen, with shares rallying 23% the following day. By the end of the week, the stock erased some of the gains as investors ...

The EV stock posted big gains after bullish coverage from analysts.Rivian (RIVN 3.73%) stock stepped on the bullish pedal Monday. The electric vehicle (EV) specialist's share price ended the day's trading up 3.9%, according to data from S&P Global Market Intelligence.With its share price down roughly 41% year to date, Rivian stock has struggled across the first half of 2024. But some analysts think that the sell-off has become overblown. Analysts at both RBC Capital and Canaccord raised their price targets ...

Rivian (NASDAQ:RIVN) enjoyed some excellent momentum last week, and things don’t seem to be slowing down. After Volkswagen (OTCMKTS:VWAGY) announced plans to make a significant investment in the electric vehicle (EV) producer, RIVN stock surged almost instantly.Wall Street sentiment towards the company also rose as analysts began to issue bullish takes on the stock. Now, even more experts are expressing optimism that this growth trend will continue as RIVN stock continues trending upward. And one analyst re ...

Rivian just got the lifeline it needed from a major automaker, changing the equation for this high-risk EV stock.Owning Rivian (RIVN -7.26%) stock is not for the faint of heart, even after a recent $5 billion cash infusion from Volkswagen (VWAGY -0.42%). But if you are a more aggressive investor, that cash lifeline could be exactly what Rivian needs to create a profitable business.The future for this stock looks far brighter now than it did before the Volkswagen agreement -- and it still trades for well bel ...

Rivian just got a large new capital injection from a major global automaker.One possible reason for the slowdown in electric vehicle (EV) sales growth in 2024 is a lineup of options that has been growing stale. Industry leader Tesla recently launched its unique Cybertruck, but it hasn't made any major upgrades or design changes to the top-selling Model Y or more affordable Model 3.Rivian Automotive (RIVN -7.26%) may be taking a hint from that situation and is being more aggressive with offering customers ne ...

Rivian has an EV technology stack that Volkswagen thinks has real value.Rivian Automotive (RIVN -8.15%) stock shot higher after it announced a surprising new deal with global auto giant Volkswagen earlier this week. As investors digest more details of the multifaceted arrangement, some are taking quick gains from the stock's jump.Today, Rivian shares were lower by 7.7% as of 2:45 p.m. ET. At that time, the stock was still up nearly 30% for the week. So what are investors to make of the volatility in Rivian ...

Loading...Loading...Needham analyst Chris Pierce reiterated the Buy rating on Rivian Automotive, Inc. RIVN, raising the price forecast to $20 from $13.The analyst sees Rivian as a long-term winner in the eventual ICE (Internal Combustion Engine) to EV transition, leaning on its ability to create a brand and produce vehicles that drive high customer passion and satisfaction.Pierce writes that Rivian’s strategic focus on cost savings through engineering optimizations, supplier relationships, and factory effic ...