Needham raises estimates on Rivian (RIVN), adds EV maker to Conviction List
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Judge says Rivian (RIVN) must face lawsuit claiming it defrauded IPO investors
July 6, 2023 1:32 PM EDTU.S. District Judge Josephine Staton in Los Angeles has decided that Rivian Automotive (NASDAQ: RIVN) must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering. According to the lawsuit filed by lead plaintiff Sjunde AP-Fonden, on behalf of shareholders from Nov. 10, 2021 to March 10, 2022, Rivian underpriced its electric vehicles, leading to unpopular price hikes.
Judge Straton indicated that shareholders can attempt to demonstrate that Rivian, despite... More
North America and Europe lead surge in global EV demand
July 5, 2023 9:41 AM EDTAnalyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More
Rivian (RIVN) extends gains as analysts turn more bullish
July 5, 2023 7:55 AM EDTRivian Automotive (NASDAQ: RIVN) shares are up a further 8% in early Wednesday trading on several positive headlines.
The company has started delivering the electric vans it makes for Amazon.com Inc. to Europe marking its first commercial shipments outside the U.S.
Shares initially rose 17.4% on Monday after... More
Rivian shares climb following first shipments of Amazon vans to Europe
July 5, 2023 7:40 AM EDTInvesting.com -- Shares in Rivian Automotive (NASDAQ: RIVN) jumped in premarket trading on Wednesday, boosted by news that... More
DA Davidson Upgrades Rivian Automotive Inc (RIVN) to Neutral, 'The Headlines Gradually Turn Positive'
July 5, 2023 7:35 AM EDTDA Davidson analyst Michael Shilsky upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Underperform to Neutral with a price target of $18.00 (from $11.00).
The analyst comments "We are upgrading RIVN to NEUTRAL (from UNDERPERFORM) as the cadence of headlines on the company begins to shift... More
Amazon (AMZN) Rolls Out First Electric Delivery Vans from Rivian (RIVN) in Europe
July 5, 2023 5:40 AM EDTAmazon (NASDAQ: AMZN) today announced the arrival of its new custom electric delivery vans from Rivian (NASDAQ: RIVN) in Europe, with the first vans rolling out in Germany. More than 300 electric delivery vans are hitting the road in Munich, Berlin, and Dusseldorf in the coming weeks, joining a fleet of thousands of electric vans already in operation in Europe, including more than 1,000 electric vans in Germany. Amazon announced last year that it plans to invest more than 1 billion to electrify its European transportation network and reduce carbon emissions over... More
Rivian Automotive Inc (RIVN) PT Raised to $28 at Needham & Company, Adds to Conviction List
July 5, 2023 5:25 AM EDTNeedham & Company analyst Chris Pierce raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $26.00) while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating, add RIVN to the Needham Conviction List (replacing ACVA), and raise our... More
Popular stocks increasing volume: RIVN COIN CCL XPEV NKLA AMC
July 5, 2023 4:44 AM EDTPopular stocks increasing volume: RIVN COIN CCL XPEV NKLA AMC
... MorePopular stocks increasing volume: RIVN AZN AIG HLT MAT CCL
July 3, 2023 10:51 AM EDTPopular stocks increasing volume: RIVN AZN AIG HLT MAT CCL
... MoreRivian Automotive (RIVN) call put ratio 2.6 calls to 1 put as shares rally 11%
July 3, 2023 10:46 AM EDTRivian Automotive (NASDAQ: RIVN) 30-day option implied volatility is at 77; compared to its 52-week range of 64 to 101 after release of Q2 deliveries. Call put ratio 2.6 calls to 1 put as shares rally 11%.
... MoreRivian (RIVN) jumps 14% after smashing 2Q delivery estimates
July 3, 2023 9:53 AM EDTShares of California-based electric automaker, Rivian (RIVN) surged almost 14% in early trading Monday after the EV start-up overcame Wall Street expectations to deliver 12,640 vehicles in the second quarter. A 59% increase over last years delivery results.
It produced 13,992 vehicles at its manufacturing facility in Normal, Illinois during the same... More
Rivian (RIVN) rallies after topping Q2 deliveries expectations
July 3, 2023 8:37 AM EDTRivian Automotive (NASDAQ: RIVN) shares are moving higher in pre-market Monday after the company said it produced 13,992 electric vehicles (EVs) in the quarter ending June 30.
The EV company also said it delivered 12,640 units. Analysts were looking for production numbers of 12,562 and deliveries of... More
Rivian Automotive (RIVN) Produces 13,992 EVs in Q2, Delivered 12,640
July 3, 2023 8:35 AM EDTRivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending June 30, 2023. The company produced 13,992 vehicles at its manufacturing facility in Normal, Illinois and delivered 12,640 vehicles during the same period.
These figures remain in line with the companys... More
