4-Oct-2024
Benzinga (Sat, 5-Oct 1:13 PM ET)
Rivian applying federal loan to resume Georgia plant construction
Seeking Alpha News (Sat, 5-Oct 9:35 AM ET)
Biggest stock movers Friday: ZIM, SAVE, and more
Seeking Alpha News (Fri, 4-Oct 10:00 AM ET)
5 stocks to watch on Friday: RIVN, CVS and more
Seeking Alpha News (Fri, 4-Oct 9:03 AM ET)
Rivian (NASDAQ:RIVN) Slashes Production Forecast Amid Component Shortage
TipRanks (Fri, 4-Oct 9:00 AM ET)
Hold Rating on Rivian Automotive Amidst Production and Supply Chain Challenges
TipRanks (Fri, 4-Oct 8:25 AM ET)
Rivian slides after cutting its production forecast due to parts shortage
Seeking Alpha News (Fri, 4-Oct 6:45 AM ET)
Rivian Q3 Production Up, Adjusts Annual Forecast Due to Shortages
TipRanks (Fri, 4-Oct 6:27 AM ET)
Business Wire (Fri, 4-Oct 6:05 AM ET)
Business Wire (Thu, 3-Oct 9:00 AM ET)
Rivian Automotive Inc designs, develops, and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
Rivian Automotive - Class A trades on the NASDAQ stock market under the symbol RIVN.
As of October 4, 2024, RIVN stock price declined to $10.44 with 65,769,139 million shares trading.
RIVN has a beta of 1.49, meaning it tends to be more sensitive to market movements. RIVN has a correlation of 0.05 to the broad based SPY ETF.
RIVN has a market cap of $10.39 billion. This is considered a Large Cap stock.
Last quarter Rivian Automotive - Class A reported $1 billion in Revenue and -$1.13 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.08.
The top ETF exchange traded funds that RIVN belongs to (by Net Assets): VTI, VB, VBR, VXF, QCLN.
RIVN has underperformed the market in the last year with a price return of -55.9% while the SPY ETF gained +36.6%. RIVN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.7% and -10.8%, respectively, while the SPY returned +4.2% and +0.8%, respectively.
RIVN support price is $10.35 and resistance is $11.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RIVN shares will trade within this expected range on the day.