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Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 13.5% in the morning session after the company announced plans to sell 75 million shares of its common stock, a move that could raise about $1.5 billion.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector S
Rivian Unveils $1.5 Billion Stock Offering Alongside Strong Q2 Revenue Preview
The EV maker sold into a 19% rally, straight from the Tesla playbook, which might be the most bullish thing about it
Investors were reminded of Lucid's capital-intensive business today.
EV maker plans to fund DOE loan obligations despite forecasting second-quarter revenue above analyst estimates.
Rivian Automotive Inc (NASDAQ:RIVN) shares declined on Tuesday after the electric vehicle maker announced a public offering of common stock aimed at raising capital for general corporate purposes. The company said it has commenced an underwritten public offering of 75 million shares of common...
Shares of Rivian (NASDAQ:RIVN) are down 14% in Tuesday morning trading, changing hands at $17 and change after the electric-vehicle maker priced a large secondary equity offering after Monday’s close. The move wipes out most of Rivian stock’s 23% one-month advance heading into the announcement. The selling has spread across the sector. Lucid (NASDAQ:LCID) stock ... Rivian Craters 14% on 75M Share Offering, Lucid Falls 9% as EV Rally Reverses
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.
Rivian Automotive's (RIVN) shares tumbled on Tuesday after the electric vehicle maker launched a sto
The EV maker is selling 75 million new shares to fund equity contributions tied to a Department of Energy loan
Rivian stock slipped on Tuesday after the company announced a new share offering after Monday's close.
Rivian (RIVN) surprised investors by announcing a new share offering after Monday's close, a move that sent the stock slipping on Tuesday after recent positive momentum.
Stock Market Today: The Dow Jones index rose, while tech futures sold off amid Samsung earnings. Micron and Sandisk plunged.
Investors slam the brakes on a recent rally, threatening to wipe out all of the EV maker’s gains from the previous session.
Futures are pointing to a mixed open for major indexes as tech stocks retreat after posting big gains to start the week. Here’s what investors need to know today.
(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
(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
Investors slam the brakes on a recent rally, threatening to wipe out all of the EV maker’s gains from the previous session.
↘️ 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.
The Rivian stock price may be stuck in a holding pattern until production ramps up.
AI-driven momentum is keeping bulls in high spirits after the Dow’s record close, though investors are a bit cautious ahead of the Fed minutes and fresh corporate catalysts.
Rivian also issued preliminary Q2 estimates, projecting revenue of $1.55 billion to $1.65 billion and cash and cash equivalents.
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