Rivian (RIVN) CEO mentions possibility of future partners and expansion beyond Amazon in CNBC interview

Canon and Amazon (AMZN) Filed a Joint Trademark Infringement Lawsuit

Canon U.S.A., Inc. and its parent company, Canon Inc. of Japan, and Amazon.com, Inc. and Amazon.com Services LLC (NASDAQ: AMZN) jointly filed a lawsuit in the United States District Court for the Western District of Washington against 29 selling accounts... More

CFRA upgrades Rivian (RIVN) on strong 1Q performance and favorable liquidity position

CFRA Research upgraded Rivian Automotive (NASDAQ: RIVN) to a Sell rating (From Strong Sell) and raised their price target on the stock to $10.00 (From $8.00) following the electric automakers 1Q earnings beat on Tuesday.

RIVN posted 1Q adjusted EPS of -$1.25 ahead... More

Rivian Automotive Inc (RIVN) PT Lowered to $11 at DA Davidson

DA Davidson analyst Michael Shilsky lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $11.00 (from $16.00) while maintaining a Underperform rating.... More

CFRA Upgrades Rivian Automotive Inc (RIVN) to Sell

CFRA analyst Garrett Nelson upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Strong Sell to Sell with a price target of $10.00 (from $12.00).

The analyst comments "We increase our 12-month price target by $2 to $10, comparable to the EV peer average. We increase our adjusted EPS estimates to -$6.55 from... More

Rivian (RIVN) reports strong 1Q despite concerns of intensifying EV competition

Rivian Automotive (NASDAQ: RIVN) ) reported its 1Q earnings results after the closing bell Tuesday, reporting EPS of ($1.25), $0.36 ahead of the consensus estimate of ($1.61). Revenue for the quarter came in at $661M versus the consensus estimate of $655.51M.

However, the strong 1Q beat wasnt enough to change RBC Capitals Sector Perform rating and $14.00 price target on the stock.

RBC analyst Tom Narayan wrote in a note, Rivian posted a strong Q1/23 EBITDA beat but maintained its 2023 guide, which we think implies a downshift coming from higher volumes at negative margins. Management presented a... More

Airbnb, Twilio and Virgin Galactic fall premarket; Rivian rises

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 10th. Please refresh for updates.

Airbnb (NASDAQ: ABNB) stock fell 15% after the holiday rental booking company disappointed with its guidance, forecasting fewer bookings and lower average daily rates in the... More

Dow futures fall 45 pts; key inflation data looms large

Investing.com -- U.S. stocks are seen opening marginally lower Wednesday, continuing the previous sessions cautious tone, ahead of the release of key monthly U.S. inflation data.

At 06:50 ET (10:50 GMT), the Dow Futures contract was down 45 points or 0.1%, S&P 500 Futures traded 6 points or 0.2% lower, and Nasdaq 100 Futures dropped 25 points or 0.2%.

The main indices closed lower Tuesday in muted trading, with the blue-chip Dow Jones Industrial Average ending just over 50 points or 0.2% lower, while the broad-based S&P 500 dropped 0.5% and the tech-heavy Nasdaq Composite fell... More

Rivian results boost shares out of EV startup gloom

By Akash Sriram

(Reuters) - Shares of Rivian Automotive Inc rose nearly 6% on Wednesday as the company's positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability.

The company looked set to add about $700 million to its market valuation after the EV maker reiterated its annual production forecast and beat quarterly revenue estimates.

The results showed how Rivian's move to raise prices last year has helped it stem cash burn at a time when peers Lucid Group Inc and Nikola... More

Rivian Automotive Inc (RIVN) PT Lowered to $30 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $30.00 (from $35.00) while maintaining a Buy rating.... More

Rivian Automotive Inc (RIVN) PT Lowered to $16 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $16.00 (from $18.00) while maintaining a Neutral rating.... More

After-hours movers: Syneos gains on deal talk; Twilio, Airbnb fall following EPS

After-Hours Stock Movers:

Upstart Holdings (NASDAQ: UPST) 35% HIGHER; reported Q1 EPS of ($0.47), $0.35 better than the analyst estimate of ($0.82). Revenue for the quarter came in at $103 million versus the consensus estimate of $99.72 million. Upstart Holdings sees Q2 2023 revenue of $135 million, versus the consensus of $133 million.

Syneos Health, Inc. (NASDAQ:... More

Rivian Automotive (RIVN) Files Mixed Shelf

Rivian Automotive (NASDAQ: RIVN) has filed mixed shelf of:

Class A Common Stock

Preferred Stock

Debt Securities

Depositary Shares

Warrants

Purchase Contracts

Units

Rivian beats quarterly revenue estimates on higher-priced EV sales

By Akash Sriram

(Reuters) -Rivian Automotive Inc on Tuesday beat Wall Street estimates for quarterly revenue as it sold more higher-priced electric vehicles, and stood by its annual production forecast of 50,000 cars.

Shares in Rivian, which also cut costs during the January-March period, rose about 6% in extended trading as investors cheered its results that followed Lucid Group Inc and Fisker Inc trimming their production... More

Rivian Automotive (RIVN) Tops Q1 EPS by 36c

Rivian Automotive (NASDAQ: RIVN) reported Q1 EPS of ($1.25), $0.36 better than the analyst estimate of ($1.61). Revenue for the quarter came in at $661 million versus the consensus estimate of $655.51 million.

... More

Popular stocks increasing volume

Popular stocks increasing volume: RIVN PACW SHOP RIVN CVNA ABNB

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.

Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More

Rivian Automotive (RIVN) May weekly option implied volatility into quarter results

Rivian Automotive (NASDAQ: RIVN) May weekly call option implied volatility is at 200, May is at 131; compared to its 52-week range of 54 to 97 into the expected release of quarter results today after the bell.

Amazon begins selling toys, clothing through mobile games

By Arriana McLymore

NEW YORK (Reuters) - Amazon said on Tuesday it had begun selling users of mobile games related physical items such as T-shirts and toys as it teamed up with the makers of Pokemon GO to provide merchandise related to a new game.

The e-retailer announced a business-to-business program called Amazon Anywhere allowing video game makers to sell goods directly through their respective platforms.

Amazon is the latest retailer to... More

Truist adjust estimates on Rivian (RIVN) as shares face continued pressure ahead of 1Q report

Truist Securities reiterated a Buy rating on Rivian (NASDAQ: RIVN) and cut their price target on the stock to $28.00 (From $44.00) as shares continue to face pressure ahead of the electric automakers 1Q earnings report. Rivian is expected to release its 1Q earnings results after the closing bell on... More

Dow futures fall 125 pts; caution ahead of consumer inflation data

Investing.com -- U.S. stocks are seen opening marginally lower Tuesday, as investors cautiously await the release of key monthly U.S. inflation data, which could influence monetary policy at the Federal Reserve.

At 07:00 ET (11:00 GMT), the Dow futures contract was down 125 points, or 0.4%, S&P 500 futures traded 15 points, or 0.4% lower, and Nasdaq 100 futures dropped 55 points, or 0.4%.

The main indices traded in a muted fashion Monday, as the blue-chip Dow Jones Industrial Average closed 55 points, or 0.2% lower, while the broad-based S&P 500 climbed 0.1%, and the tech-heavy Nasdaq Composite rose... More

Rivian Automotive Inc (RIVN) PT Lowered to $28 at Truist Securities

Truist Securities Jordan Levy Buy Rivian Automotive Inc (NASDAQ: RIVN) price target of $28.00 (from $44.00).

"Shares of RIVN have continued to face pressure down 25% YTD vs. S&P 500 +8% as investors increasingly question the capital requirements and more recently, demand outlook... More

Rivian Automotive (RIVN) May weekly 14 straddle into quarter results

Rivian Automotive (NASDAQ: RIVN) May weekly 14 straddle is priced for a move of 12% into the expected release of quarter results after the bell on May 10.

Rivian Automotive (RIVN) option IV into quarter results

Rivian Automotive (NASDAQ: RIVN) May weekly call option implied volatility is at 180, May is at 128; compared to its 52-week range of 54 to 97 into the expected release of quarter results after the bell on May 9.

Wells Fargo cuts estimates on Rivian (RIVN) ahead of 1Q release Tuesday

Wells Fargo reiterated an Equal Weight rating on Rivian Automotive (NASDAQ: RIVN) and cut their price target on the stock to $14.00 (From $18.00) ahead of the companys 1Q earnings release. The electric vehicle maker is scheduled to report results after the closing bell on... More

Rivian Automotive Inc (RIVN) PT Lowered to $14 at Wells Fargo

Wells Fargo analyst Colin Langan lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $14.00 (from $18.00) while maintaining a Equal Weight rating.... More