Oracle stock closed trading Tuesday up 2.5% after an analyst upgraded the company's stock, citing its cloud business growth and potential as an artificial intelligence leader.
Nikola (NKLA) closed the most recent trading day at $0.91, moving +0.72% from the previous trading session, outperforming the S&P 500, but still facing a decline in shares of 50.17% over the past month, as investors await the company's next earnings release.
Carvana closed at $51.95, a -0.48% change from the previous day, while analysts expect the company to post earnings of -$0.86 per share in its next earnings release.
Rivian Automotive's stock soared 6% after analysts predicted strong third-quarter deliveries and highlighted the company's improving margins and solid demand for its electric vehicles.
Electric vehicle stock Rivian (NASDAQ:RIVN) received positive news from analysts, with Baird marking it as a "fresh pick" likely to beat delivery projections, resulting in a 6.5% increase in shares; additionally, reports of a lifted version of the Rivian R1T have further augmented its appeal to pickup enthusiasts.
Electric-vehicle maker Rivian Automotive surpassed analysts' expectations with third-quarter deliveries as it increases production to meet the demand for its pickup trucks and SUVs, targeting to produce 52,000 vehicles in 2023, while the EV industry in the US shows signs of positive growth despite a slowdown and price cuts by rivals.
Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.
Rivian Automotive Inc. plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue, causing its stock to fall and disappointing investors.
Rivian Automotive's shares declined in after-hours trading after the company announced preliminary quarterly sales estimates in line with analysts' expectations and revealed plans to offer $1.5 billion of convertible notes.
Rivian's stock dropped 8.7% after the electric vehicle maker announced a $1.5 billion convertible bond sale and issued disappointing guidance for the third quarter.
Shares of Rivian Automotive are down 16% in early trading after the company announced a plan to offer $1.5 billion in convertible notes and provided a third-quarter revenue estimate in line with Wall Street expectations.
Electric vehicle maker Rivian Automotive announces plans to raise $1.5 billion in convertible notes, causing a 19% drop in share prices, while McDonald's supplier Lamb Weston experiences a 10% jump in shares after beating analysts' expectations.
Carvana's stock closed at $37.63, down 1.52% from the previous session, as investors await the company's upcoming financial results which are predicted to show growth in EPS.
Electric vehicle maker Rivian's shares dropped nearly 23% after announcing plans to issue $1.5 billion worth of convertible green bonds to help "de-risk" the launch of its R2 sports utility vehicle, raising concerns about dilution and cash flow for the speculative business.
Shares of Rivian Automotive Inc fell by nearly 23% after announcing plans to issue $1.5 billion worth of convertible green bonds to support the launch of its R2 sports utility vehicle, raising concerns about diluting cash flow and the speculative nature of the business.
Rivian's stock plunges 22.9% in response to its sales outlook and convertible debt offering, marking the largest percentage drop on record.
EV company Rivian saw a decline in pre-market trading after analyst Daniel Ives lowered the price target due to concerns about management's messaging and execution, but remains cautiously optimistic about Rivian's long-term growth potential.
Rivian Automotive's stock fell short of the S&P 500, while the company is predicted to post an EPS growth and revenue increase in its upcoming earnings report.
