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Rivian Stock Sinks as EV Maker Sells Shares to Raise Capital
The Wall Street Journal29d agobearish
Rivian Stock Sinks as EV Maker Sells Shares to Raise Capital

Shares of electric automaker Rivian are down 13% today after it disclosed plans to sell 75 million shares of common stock. Based on Rivian's share price Monday evening, when the move was announced, the sale would raise about $1.5 billion. The automaker said it plans to use the proceeds from a sale for "general corporate purposes," including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming electric vehicle manufacturing facility in Georgia.

Bloomberg29d agobearish
Tech Weakness Resumes After Samsung Misses Lofty AI Expectations

(Bloomberg) -- US stock futures pointed to renewed weakness in technology shares after Samsung Electronics Co.’s earnings failed to satisfy investors, renewing pressure on chipmakers across global markets.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Senten

Bloomberg29d agoneutral
Mag 7 Loses Market Swagger as AI Trade Spreads Beyond Behemoths

(Bloomberg) -- For years, the Magnificent Seven tech giants commanded investors’ attention, dominating the S&P 500 Index and determining which way the overall stock market was headed. Those days are over.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major OverhaulTwo Millennium Trading Pods Made About $3.7 Billion Last MonthSaudis Slash Main Oil Price to Rare Discount as Market DivesChina Sentenc

Stocks to Watch: Samsung, SpaceX, Fiserv, Rivian
The Wall Street Journal29d agoneutral
Stocks to Watch: Samsung, SpaceX, Fiserv, Rivian

↘️ Samsung (KR:005930): The technology company said it expects a record quarter thanks to rising AI chip demand. However, the update failed to impress investors used to blowout results from chipmakers, and its shares tumbled.

Rivian Stock Gets Rocked After the Bell: Here's Why
Benzinga30d agoneutral
Rivian Stock Gets Rocked After the Bell: Here's Why

Rivian Automotive Inc (NASDAQ:RIVN) shares are tumbling in extended trading Monday after the company announced a public offering. Rivian Automotive stock is among the weakest performers. What’s behind RIVN decline? Rivian Commences Offering Of Common Stock Rivian announced an underwritten public offering of up to 75 million shares of common stock. The company also plans to grant the underwriters a 30-day window to buy up to an additional 11.25 million shares at the public offering price, which h

Why Rivian (RIVN) Stock Is Up Today
StockStory30d agoneutral
Why Rivian (RIVN) Stock Is Up Today

Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6.2% in the morning session after the company continued to see positive momentum following strong second-quarter production and delivery numbers late the previous week.

Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally
24/7 Wall St.30d agobullish
Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally

Shares of Tesla (NASDAQ:TSLA) are up 6% in midday trading to $416.50, leading a broad electric-vehicle rebound after a rough stretch for the group. Rivian, Nio, and Lucid are all trading higher alongside Tesla stock, and autonomous-vehicle ETFs are joining the move. Tesla stock’s gain caps a volatile few weeks. Tesla shares are still down ... Tesla Rises 6% on Robotaxi and Delivery Momentum, Rivian and Lucid Jump 7%, Nio Gains 5% in EV Sector Rally

Rivian Stock Soars on Target Price Hike. There’s Just One Problem.
Barrons.com30d agobullish
Rivian Stock Soars on Target Price Hike. There’s Just One Problem.

Rivian stock soared again Monday after J.P. Morgan boosted its price target for the EV maker’s shares. The problem: Rivian’s recent hot streak has taken the stock beyond what J.P. Morgan and the rest of Wall Street think it is actually worth. The move came after analyst Rajat Gupta raised his price target to $15 per share from $9 per share, following Rivian’s recent delivery report.