NEW YORK, May 16, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rivian Automotive, Inc. (NASDAQ: RIVN) between March 1, 2023 and February 21, 2024, both dates inclusive (the "Class Period"), of the important June 18, 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 TO ...

Rivian bulls are betting on the wrong numbers.Investors in Rivian Automotive (RIVN 5.25%) had a rough week, as the electric truck stock sank slowly but surely below $10 after the company issued a disappointing "earnings" report -- a report that featured no earnings at all, but rather $1.45 per share in losses.Despite the bad news, however, Cantor Fitzgerald analyst Andres Sheppard came out with a prediction last Wednesday: Within 12 months, Rivian stock will soar 50% to close at $15 a share. Is Rivian stock ...

I’ll admit, it’s not an easy time to invest in electric vehicle startups. However, I’m inviting you to take a serious look at Rivian Automotive (NASDAQ:RIVN). Rivian stock is out of favor right now, but that’s why you should consider it for a small portfolio position. Rivian Automotive has an important financial goal that could be achieved before the year is over. So, be patient and don’t get pulled into a bear trap, as Rivian’s buy-and-hold investors will prevail eventually.A Huge Incentive Package for Riv ...

While institutional investors aren’t required to file their first-quarter Form 13F until May 15, Baillie Gifford has, in usual fashion, filed its form ahead of the deadline. A 13F is a quarterly filing that reveals the equity and option trades of an institutional investor.During the quarter, Baillie upped its stake in Rivian (NASDAQ:RIVN) stock by 714%, picking up 22.19 million shares compared to its Q4 ownership of 3.10 million shares. RIVN is now the firm’s 86th-largest position.On another note, Baillie c ...

The shares have been on a roll, and today's news is keeping it going.The stock of Rivian Automotive (RIVN 9.66%) is jumping again on Monday. Shares of the electric vehicle (EV) maker popped as much as 12% in early trading today to start the week. That jump kept the momentum going for Rivian shares.The stock has soared by more than 30% since mid-April. That move came after the company introduced its next-generation lineup of midsize electric SUVs in March and after a large funding grant from the State of Ill ...

hapabapaElectric vehicle companies have rotated out of favor with investors lately due to weaker demand for EVs and concerns over a potential Fisker bankruptcy. Many electric vehicle companies, including Rivian Automotive (NASDAQ:RIVN), Lucid Group (LCID) and even Tesla (TSLA) have seen signs of a growth slowdown, resulting in a significant amount of value destruction in the last year. Rivian just reported first fiscal quarter earnings that also fell short of Wall Street’s earnings estimates. However, R ...

The electric vehicle (EV) sector, represented by key players such as Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), and Nio (NYSE: NIO), has witnessed a significant decline in stock values this year. This downturn reflects a broader trend of slowing EV demand, which can be attributed to a variety of factors that impact consumer interest and market dynamics.Among them, Rivian has been particularly hard hit. Its stock has experienced a year-to-date loss of 51%, with a stark revenue report revealing a gross marg ...

Why the popular electric vehicle maker has been struggling.Rivian (RIVN -2.25%) turned in mixed first-quarter results. The electric vehicles (EV) maker's vehicles continue to be popular, but the company continues to sell them below the cost of making them. Given this, the company not surprisingly is burning a lot of cash as it loses money on every vehicle it sells.Let's take a look at Rivian's most recent quarterly results, what the company is doing to improve its operational performance, and its current ca ...

The EV industry's growth is slowing, but Rivian investors have a little good news to dig into.Considering Rivian Automotive (RIVN -2.25%) is dealing with a second-quarter planned plant shutdown, stalling production and delivery estimates for the year, and slowing demand, you might not think there's much good news to be found surrounding the young electric vehicle (EV) maker.But you'd be wrong. Let's dig into a couple of recent announcements that are certainly positive for the company.Incentive packageIn a p ...

Rivian (NASDAQ:RIVN) stock is in focus after UBS analyst Joseph Spak raised his price target to $9 from $10. The change comes after the pure-play electric vehicle (EV) company reported its first-quarter earnings and maintained its 2024 production guidance of 57,000 vehicles compared to actual production of 57,232 vehicles in 2023. That disappointed shareholders, who were hoping for a guidance increase.For Q1, revenue tallied in at $1.204 billion, beating the Factset estimate for $1.17 billion. EPS was a los ...