Why Rivian Stock Was Electric This Week [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
That was the main headline for Rivian this week, but the company's stock also benefited from an analyst initiating coverage of Rivian's stock and slapping a buy rating on it. The combined news put Rivian's stock into fifth gear, rising 40.2% as of Thursday afternoon, according to data provided by S&P Global Market Intelligence New cash and opportunities Rivian's joint venture with VW serves two purposes: It gives the company an immediate (and substantial) cash infusion and helps it reduce costs. Both are very important to the EV start-up right now. VW and Rivian will work together on software for their respective vehicles -- a Rivian strong suit -- and Rivian receives an immediate cash injection of $1 billion. Additional investments will come from VW to Rivian through the joint venture, with an expected deal size of $5 billion. Not only will this help Rivian's cash issues right now -- the company reported a net loss of $5.4 billion last year -- but Rivian leadership also sa
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