Why Fararaday Future Stock Jumped 50% Today [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
The volatile stock lost nearly all of its gains mid-day but closed the day up 30.9%. Signs of life in EVs Earlier this week, Rivian signed a deal with Volkswagen that would provide electronic architecture to the larger automaker through a joint venture. VW also made a large investment in Rivian. This indicated there's at least some appetite for large automakers to partner with smaller rivals that may have technology that would be beneficial. But there's no such deal for Faraday, so any pop in shares is purely speculative. We also learned this week that Faraday has a plan to regain compliance with Nasdaq that includes up to a 40-for-1 reverse-stock split and the authorization of more shares. This could lead to further dilution for the company in the market. Survival is the name of the game Rivian raised money because it needs to build another plant to get to free-cash-flow-positive. Faraday doesn't even have that in sight after reporting $800,000 in revenue in 2023. As of
Show less
Read more
Impact Snapshot
Event Time:
RIVN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RIVN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RIVN alerts
High impacting Rivian Automotive, Inc. news events
Weekly update
A roundup of the hottest topics
RIVN
News
- Oliver Blume, VW and Porsche boss steering an EV strategy shift [FT.com - Mergermarket]FT.com - Mergermarket
- Oliver Blume, VW and Porsche boss steering an EV strategy shift [Financial Times (FT.com) (UK)]Financial Times
- Rivian Automotive, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before July 30, 2024 to Discuss Your Rights – RIVNAccesswire
- Shareholders that lost money on Rivian Automotive, Inc. (RIVN) Urged to Join Class Action - Contact Levi & Korsinsky to Learn MoreAccesswire
- Rivian Announces Plans to Launch Five More Models After $5 Billion Volkswagen Investment [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 5/7/24 - Beat
RIVN
Sec Filings
- 6/27/24 - Form 4
- 6/27/24 - Form 8-K
- 6/25/24 - Form 8-K
- RIVN's page on the SEC website